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Corporate Tax

Corporate Tax Compliance

Business 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 complex 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

Get in touch to discuss how we can help with your corporate tax needs.

Get in touch with our experts

If you want to discuss a specific issue, ask us for a quote, or simply find out what we have to offer, please complete the form below and we'll get back to you as soon as we can.

Alternatively, please email us at webenquiries@mhllp.co.uk

 

Key contact

Tax Partner
Neil Berry
+44 (0)1162 894 289

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Meet the team

Photo of Rebecca Orley

Rebecca Orley

Tax Manager

Becky joined MHA MacIntyre Hudson in 2006 having spent the previous eight years gaining experience at two other top ten accountancy firms. She qualified as a Chartered Tax Adviser in 2001 and has almost 25 years’ experience.

Although she predominantly works on Private Clients, she is also involved with other matters such as corporation tax compliance, inheritance tax, trusts and probate, cash extraction, PAYE and the construction industry scheme. Becky has a varied client base ranging from high-net-worth individuals, corporate entities partnerships and sole traders.         

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Victoria Jeffs

Transfer Pricing Manager

Victoria has been with Macintyre Hudson since 2015, starting as a graduate trainee and qualifying as a chartered accountant in 2018. Subsequently moving from audit into tax, she has been a member of the Transfer Pricing team since 2019.

Victoria manages the compliance and advisory aspects of the transfer pricing practice. Working on a diverse range of clients from listed companies through to growing owner managed businesses experiencing transfer pricing issues for the first time, Victoria works closely with her clients to ensure they have the most appropriate policy in place to suit their needs.

In addition, Victoria is an active member of the Social and Charity committees. Most recently she helped arrange our annual client quiz, in which we raised over £8,000 for the London Air Ambulance.

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Glen Thomas

Partner

Glen is an experienced tax professional and has been providing his clients with a broad range of advisory services for 20 years. He has advised on clients of all sizes from owner managed businesses to international groups. His expertise centres on corporation tax and all matters that affect entrepreneurial owner managed businesses.  He also advises on issues concerning tax aspects of mergers and acquisitions.

Glen also advises non domiciled individuals with regard to their UK tax affairs and regularly provides advice to non UK resident trusts concerning the UK tax implications of providing benefits to UK resident beneficiaries as well as holding UK assets.  Much of this work has involved planning to remove residential property from corporate structures after the introduction of the Annual Tax on Enveloped Dwellings (ATED).

His sector specialisms include property, manufacturing and technology, and retail.  He is of the view that most companies are missing the opportunity to claim the enhanced tax reliefs available for Research and Development activities without even knowing it.

Outside of work Glen enjoys spending time with his 2 boys who are beginning to share his enjoyment of sport.

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James Dickman

Accounts Manager

James started with MHA MacIntyre Hudson in 2009 where he completed his training and has worked his way up to Accounts Manager. James is a specialist in the Healthcare sector and assist his clients with a variety of services, including:

  • Partnership and sole trader accounts and tax returns
  • VAT returns, including partial exemption calculations
  • Preparing superannuation certificates for the NHS pension scheme
  • Bookkeeping and management accounts
  • Due diligence and reviews of GP practices for merger and profitability purposes, including for local CCGs
  • Implementing, training and advising on cloud accounting solutions for all organisations nationally

James qualified as a chartered accountant in 2014 and is a part of the ICAEW Healthcare Sector Group. He looks after a large number of GP practices and a wide variety of medical consultants mainly in the Kent and London, but works with clients both nationally and internationally too.

James is a Xero certified advisor and a certified QuickBooks Online advisor which he uses as part of his nominated Digital Solutions contact role for the firm.

In James’ spare time he enjoys playing snooker and pool as well as a round of golf and watching the Formula 1.

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What they say about us

The whole team are exceedingly knowledgeable and the main benefit of working with MHA MacIntyre Hudson is the reassurance I feel that our business is in safe hands. Hayley Wilson - Fenmarc
Finance Director

What they say about us

I've always been very happy with the information provided and, no matter how obscure it may be, the agricultural team have always been able to find an answer – and with the large diversification project we took on there have been plenty of questions! Callum Bates - J Bates & Son