I've recently started a UK Limited Company and I'm trying to fill out W-8BEN (Link here) so I can receive payments for showing ads provided by Facebook, but the terminology is totally foreign to me. I can do Part I, that's easy enough.
I assume I need to tick 9a and 9b. Even with reading the instructions, I have no idea what c and d are about, and I assume I don't tick e.
9c - The beneficial owner is not an individual, derives the item (or items) of income for which the treaty benefits are claimed, and, if applicable, meets the requirements of the treaty provision dealing with limitation on benefits (see instructions).
9d - The beneficial owner is not an individual, is claiming treaty benefits for dividends received from a foreign corporation or interest from a U.S. trade or business of a foreign corporation, and meets qualified resident status (see instructions).
I also have absolutely no idea what I need to fill in for line 10. It sounds like I need knowledge of the tax treaty itself.
10 - Special rates and conditions (if applicable—see instructions): The beneficial owner is claiming the provisions of Article ................ of the treaty identified on line 9a above to claim a ................ % rate of withholding on (specify type of income): ................ . Explain the reasons the beneficial owner meets the terms of the treaty article: ................................
I don't really understand this either. What do I need to do here?
I have provided or will provide a statement that identifies those notional principal contracts from which the income is not effectively connected with the conduct of a trade or business in the United States. I agree to update this statement as required.
If someone could please explain to me in layman's terms what all this means and what I need to fill in that would be appreciated.