Corporate Tax Planning Services

Managing your tax compliance has become increasingly complex and more time-consuming. With increased reporting obligations, ever changing legislation and harsher penalties for non-compliance, it’s now even more important to file timely and accurate tax returns, and make the most of your tax planning opportunities.

Our experience of supporting a wide range of businesses, from start-ups to large groups and quoted companies, means we can take care of all your tax compliance tasks, leaving you more time to focus on running your business.

We can help with:

• Preparing and submitting corporate tax computations and returns.
• Preparing your quarterly tax calculations.
• Dealing with HM Revenue & Customs correspondence.
• Preparing all relevant claims to HM Revenue & Customs.
• Proactively identifying tax planning opportunities, to minimise your liabilities and exploit incentives, so you can save money.
• In-house staff secondment.

Under the Criminal Finances Act 2017, a business failing to prevent an associated person from facilitating tax evasion will have committed a Corporate Criminal Offence (CCO). An ‘associated person’ is anyone performing services for or on behalf of the business, such as an agent, intermediary, subcontractor or employee.

This means your business could be liable for an employee’s or other associated person’s criminal tax evasion, if it takes place when they are acting as an associated person of your business. If HMRC decides a CCO has been committed, your business will have a criminal record and faces a limitless financial penalty, plus significant adverse publicity and reputational damage.

To defend against a CCO, you’ll need to satisfy HMRC that you had ‘reasonable’ procedures in place to prevent the tax evasion. We offer various packages to put those procedures in place, tailored to your business.

Tax plays an important role in any transaction and can have a significant impact on the deal. Our team of multi-disciplinary tax specialists focus on the most tax-effective structure for a transaction and for future tax arrangements.

Working closely with our Corporate Finance team, we’ll support you at every stage of the deal cycle. Our expertise and experience add real value to any transaction and includes:

• Relevant tax advice including pre-sale planning and structuring an acquisition.
• Specialist tax due diligence on target businesses.
• Tax clearances and negotiations with HMRC.
• Personal tax advice for vendors or management teams on Capital Gains, Income Tax and Inheritance Tax.

Corporation tax can be a substantial liability, so it’s important to explore all opportunities to minimise your company’s tax exposure. Effective tax planning is key to your success, so our business tax services team will use its extensive knowledge to identify where you can make savings.

Our comprehensive corporate tax planning advice will not only help minimise and manage your group tax exposure, but also give you more time to focus on your core activities. We’ll review your objectives and strategies, and devise plans that will serve you well now and in the future. We can also assess whether overall group restructuring would be advantageous and how best to achieve it. Our business tax services will include:

• Extraction of profits.
• Group planning.
• Maximising claims to Capital Allowances.
• Minimising exposure to Capital Gains.
• Planning for the optimum utilisation of losses.
• Advice on the effect of legislative changes.

More companies are looking to move or expand their operations abroad to improve their market position and/or to take advantage of foreign tax rates and/or regulations. Before making that decision, it’s vital to understanding the impact it will have on your business operations. Our international tax team will ensure your business is structured for optimum tax efficiency both in the UK and globally.

We’ll advise you on:

• The corporation tax regime in any country.
• The most tax efficient form for entering a country, in terms of legal presence and your place in a group structure.
• How corporate tax will impact profits earned overseas.
• The impact of UK controlled foreign company (CFC) legislation.
• Issues relating to the corporate residence of overseas companies.
• The impact of withholding taxes on financing and repatriation of income and profits.
• Double tax relief planning.
• Management of foreign corporate tax planning liabilities.
• Complying with corporate tax obligations in foreign countries.