The W-8 BEN-E – is an application for your company to be exempted from US tax on trading income under the US:UK tax treaty. You must be registered with the IRS in order to be able to claim an exemption under the tax treaty.
What is a foreign tax identifying number UK?
The United Kingdom does not issue TINs in a strict sense, but it does have two TIN-like numbers, which are not reported on official documents of identification: 1. The unique taxpayer reference (UTR). The NINO can be quoted as the tax reference number on some official documents from HM Revenue and Customs.
Is W-8 the same as W 9?
Form W9 is intended for US persons, as explained in question 2. The equivalent form that applies to non-US persons is W8-BEN (for individuals) and W8-BEN-E (for entities).
How to fill in a w8ben form if you are in the UK?
Filling in a W-8BEN Form for UK Companies including EIN, your SS4 and the Affidavit UK companies and businesses who sell goods and services in the US will need to complete a W-8BEN form for the Inland Revenue Service (IRS) in the States in order to obtain an EIN number.
What do I need to know about the W-8BEN?
A W-8BEN form means we can claim a US tax reduction for you on your dividends and interest from US shares. Withholding tax rates can be reduced from 30% to 15%, or to 0% if your shares are held in a SIPP. All clients who want to trade US shares need to submit a W-8BEN. Once you’ve submitted your form, it’s valid for three calendar years.
Do you need Ein number for W-8BEN form?
At the end, you will be given your EIN number over the phone. Paperwork will follow in a few weeks, but it is the magic EIN number that you will need now to complete the W-8BEN form. The W-8BEN form is in four parts. Let’s look at each part in turn: Fill in the details as required.
Do you have to complete form W-8BEN-E for ECI?
Where ECI exists, Form W-8BEN-E would not be completed. Instead you would complete Form W-8ECI. Where income is fixed, determinable annual and periodic (FDAP), it is taxed on a gross basis. The normal withholding rate is 30% for non residents of the US, this includes companies.
