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Micro Multinationals: A guide to international finance for small businesses by Emily Coltman

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Chapter 1 – The Practicalities

So you’ve decided you want to look outside the UK for new customers or new suppliers. That might be as a subcontractor working on a project, or you might be selling over the internet. Or you might decide to set up a physical presence outside of the UK.

Here are a few practical issues to think about before you get too far into the depths of tax and VAT. There will be extra costs involved, but there is also funding available.

Costs

The costs you incur will depend on how you’re trading overseas. Let’s look first at expenses that you’d pay for yourself if you’ve left the UK temporarily to work on a project.

Out-of-pocket expenses incurred overseas

If you’re out of the UK completing a project, you can still track your ...

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