Looking for some help completing the W8-BEN E US tax form

[Scoombs]

I'm wondering if anyone may be able to help. I have to complete a new revised W-8BEN E form for tax withholding and am really struggling with answering Part III - Claim of tax treaty benefits, section B.

My company has 4 directors who own all of the shares, we trade internationally and get regular payments for our software product from a US company. We are fully UK owned and operate from the UK, are a small business with about £500k turnover.

I'm not sure if we are:

• A company that meets the ownership and base erosion tests
• A company that meets the derivatives benefits test

I am inclined to choose the latter option as this seems more applicable for EU companies but does anyone have any knowledge of what we may be best to choose? The help sheet has confused me even more.
I have asked my accountant who annoyingly has become quite elusive.

If anyone has any knowledge I would really appreciate it.
Thanks in advance. I will also post this in the tax forum as well.

Steve.

 

[Borim]

I was an affiliate of some affiliate networks and for sure not located in US nor have offices or anything which helps me to say I am US person, but I signed that W8-BEN as individual, there are so much confusing words you have there, but your accountant should know it, that's why you pay him

 

[Scoombs]

I was an affiliate of some affiliate networks and for sure not located in US nor have offices or anything which helps me to say I am US person, but I signed that W8-BEN as individual, there are so much confusing words you have there, but your accountant should know it, that's why you pay him

Thanks Borim, it's very confusing. My accountant isn't responding to my questions, time to look elsewhere for one I think.

 

[Ecomccountant]

Hello,

I have answered the question in the other post. I recommend changing accountants, especially if you are dealing with the US a lot.

 

[Scoombs]

Hello,

I have answered the question in the other post. I recommend changing accountants, especially if you are dealing with the US a lot.

Thanks for the help.