Sorry if this has been discussed already (I couldn’t find it) but can anyone explain to me the whole W-8BEN form situation and what it’s for in simple terms.
Are there any risks to submitting it for a UK resident like myself in terms of tax stuff and it’s not anything that can affect me when I travel to the US at all is there?
Sorry if this sounds stupid, but Freetrade makes it seem like a really simple easy to fill out form (fair play to them!) but ii, for example, make it seem like a really intense form with technical jargon added in.
Any help would be appreciated!