E&P operator refreshed procedures for tax compliance
Case Study28th May 2021
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Our Client
An established E&P operator in Europe and Africa required support with financial reporting and corporation tax compliance.
Our Approach
- Initial data gathering exercise across the group
- Prepared corporation tax and deferred tax provisions for inclusion in the group financial statements
- Handled all queries from auditors supporting the client’s in-house team
- Liaised with overseas employees and advisors
The Outcome
- Refreshed and streamlined procedures following the initial data gathering exercise
- Consistent and accurate monthly reporting
- We support the client by managing all indirect tax compliance and leading UK Joint Venture Audits on their behalf
- Involvement from an early stage enabled a resolution for historic issues
- AAB liaised with internal and external resources
- Proactive planning removed risks and minimised issues
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