Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.
Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William
Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com
Unlike goods, services do not have to clear through customs. But there are regulations affecting service imports and exports:
Most services can be exported or imported freely, though there are some restrictions, eg on technologies with potential military applications.
Profits on exports by UK businesses are generally taxed in the same way as any other profits. If you have an overseas presence, this could mean that profits are liable both to UK tax and to tax in another country. If so, you may be able to claim double taxation relief. Find information on international aspects of business tax on the HM Revenue & Customs (HMRC) website - Opens in a new window.
If individuals need to travel overseas for a short time, UK National Insurance contributions usually continue to be paid as normal. The rules are more complex for employees or self-employed individuals who are going to work or live overseas longer term.
VAT on imported services provided to other businesses is charged in the country where your customer is based - not where your business is established.
UK-based services exporters may also benefit from the commitments of UK trading partners under the World Trade Organisation's General Agreement on Trade in Services (GATS).
As of 2010, the European Union (EU) Services Directive will remove many barriers facing trade in services. In effect, this will make it easier for service businesses established in member states to trade within the EU.
