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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