I am the sole director of a UK limited company which has been running for around 4 years. I want to set up an Amazon KDP account and fill out the tax interview so that I am compliant and also claim tax treaty benefits (I'm only considering selling in the UK but it seems I still have to fill this out or have 30% tax withheld). My questions are:
- Should my company be classed as a corporation? It also mentions another category called a disregarded entity but I don't think that applies; it seems to be how they categorise companies in the US and these entities submit their taxes on their personal tax returns (at least that's how I've interpreted it). Alternatively, it also says: '"Individual" includes Sole Proprietors or Single-Member LLCs where the owner is an individual' so I'm not sure if I need to tick Individual or Company.
- I don’t think I’m an intermediary agent - my company will have the right to publish any works and my company will receive any royalties.
- Is the non-US TIN value my company’s UTR number?
- I'm assuming that the company is receiving 'derived income' as it's not 'fiscally transparent'? I also think the limitation on benefits should be 'Company with an item of income that meets active trade or business test'
Does anyone have experience of filling these in?
Many thanks in advance.
H
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