Corporate Tax

Tax compliance

Enterprise tax matters are under increasing scrutiny, and one slip can have both the media and the tax man calling. Let our experts prepare and file your corporate tax returns, and benefit from our years of experience in this intricate world.

We pride ourselves in providing a rounded compliance service including:

• Identifying any beneficial claims or elections
• Advance warning of any changes in tax law which affect your business
• Addressing other matters of compliance with tax law, such as international and domestic transfer pricing or diverted profits tax.

You never know when HMRC will come to investigate, and these can be costly even if they are concluded with no adjustment to your tax liability. We recommend our clients consider insuring themselves against the professional costs they face if HMRC targets them for investigation, and can provide Professional Fee Protection. 

R&D tax relief

Successfully claiming R&D tax relief can provide significant cash flow benefits, either by reducing a company’s tax liability or claiming an additional tax repayment (R&D tax credits). R&D claims are commonly made by businesses in the engineering, pharmaceutical, healthcare, software development, energy-saving and biotechnology fields, but successful claims have also been made by some of our architect, manufacturing, design engineers and construction clients, too. 

Patent box

This government incentive scheme provides a tax discount to profits from patented interests, and we can:

• Help maximise qualifying income to be taxed at 10%
• Advise on methods of income identification and tracking, and on R&D expenditure
• Maximise claims for R&D-related costs
• Apply transfer pricing methodologies to value notional royalties
• Optimise group IP holding structures and licences.

Venture capital tax reliefs

The EIS, SEIS and VCT Investment Schemes are designed to help smaller, higher-risk trading companies raise finance by offering a range of tax reliefs to investors who purchase new shares in those companies. The reliefs can provide the investor with a significant income tax break, and also provide the opportunity to defer capital gains. 

Capital allowances

An effective way to reduce the overall cost of purchasing plant and machinery, the Annual Investment Allowance has been set at such a level that most businesses will be able to write-off much of their annual cost of acquiring plant and machinery as a tax deduction in the year of acquisition. Any companies acquiring property will need to consider their ability to claim capital allowances on fixtures and fittings. 

Reorganisations

Without proper advice before your corporate reorganisation, you could face corporation tax, income tax, capital gains tax, stamp duty land tax or VAT implications. Talk to our experts about disposals, acquisitions, simplifying your group structure, demergers and share capital reorganisations such as share buy-backs.

Get in touch  to discuss streamlining your enterprise tax.