Our Services: Corporate Tax Services

Compliance

In an age where governments of every hue shy away from announcing anything that remotely sounds as if it is designed to produce a greater tax take, a tool that is increasingly used to generate additional funds is that of penalties. For that reason it is essential that a company keeps it’s affairs up to date and tax paid on time. Indeed if you happen to operate in the Construction Industry, it is vital that this occurs as failure to do so may jeopardise your ability to be paid gross by your customers. To assist you in this task and to allow you to concentrate your time and efforts on your business (not “red tape”) we monitor deadlines and advise you of what you should be doing and when. Compliance services offered to our corporate clients include:

• Completion of CT41G form to advise HMRC of trading commencement (fine £300 if late) 
• Preparation of CT600 Returns (fines start at £100 rising to £1,000 + 20% of unpaid tax) 
• Preparation of Form 42 in respect of employee share transactions (fines £300 per reportable event)
• Checking tax statements and advising of payment dates/ amounts (interest chargeable at 7.5%)
  

Planning

Corporation tax represents a substantial part of your trading costs. We offer a range of services to help you minimise your corporate tax exposure, especially where you are undertaking something out of the ordinary such as a business start up, acquisition or disposal, major capital asset acquisitions and group transactions. Efficient corporate tax planning can result in potentially significant improvements in your bottom line. These include: 

• Determining the most tax effective structure for your business 
• Taking full advantage of tax opportunities and reliefs
• Achieving the optimum capital or revenue tax treatment
• Reducing tax on disposals and maximising relief on acquisitions
• Making the most of tax opportunities specific to your industry