We can offer either a complete compliance service and for UK Corporation Tax (CT), Supplementary Charge (SC), Energy Profits Levy (EPL), Petroleum Revenue Tax (PRT) where we prepare and file the tax computations and returns on behalf of our clients serving as their outsourced tax department; a service where we prepare the draft returns for client review and submission; or a review of returns prepared by the client prior to submission.
We can also provide ad hoc advice in respect of a particular area of a tax return.
We can prepare and file stamp duty, Stamp Duty Land Tax (SDLT) and Land and Buildings Transaction Tax (LBTT) returns.
We also prepare and review tax provision figures including the notes for inclusion in the accounts of companies operating under both UK GAAP and IFRS.
We currently undertake the preparation and submission of half yearly PRT returns for over 20 fields, including on behalf of either a participator or an operator of a field.
We prepare over 200 corporation tax returns a year, the majority of which we also file online on behalf of our clients. We can undertake the tagging of statutory accounts into iXBRL format as part of this process or as a separate exercise. We also review a number of tax computations prepared by clients. In addition, we prepare the accounts tax provisions for over 20 of our client groups.
We will typically advise clients on instalment payment obligations as they become due.
We also provide assistance in satisfying tax transparency obligations such as reporting obligations under Senior Accounting Officer (SAO), EITI, EU Directive and Reporting Payments to Governments, tax strategy, or country by country reporting. We will also be able to assist with Pillar 2 obligations..
We specialise in Compliance services in the following areas:
We offer a range of corporation tax compliance services in many cases serving as an outsourced tax department for our clients.
We also offer an independent third party review of computations already prepared or provide ad hoc assistance as and when issues arise, ensuring that the tax returns are not only technically correct but also reflect any tax-saving opportunities, in the following areas:
- Corporation tax returns (including Supplementary Charge and Energy Profits Levy)
- Corporation tax payments
- Corporation tax provisions (accounting) including statutory accounts’ disclosure
We can also provide assistance with the following:
- Conversion of the statutory accounts to iXBRL
- The Senior Accounting Officer obligations
- Extractive Industries Transparency Initiative (EITI)
- EU Directive and Reporting Payments to Governments
- To formulate and review tax strategy
- Country by country reporting obligations under BEPS
- Obligations under Pillar 2
Our compliance services in respect of SC and EPL largely mirror and are completed in conjunction with those for Corporation Tax (CT).
Our advisory services in the area of SC include advice on:
- Field and Investment Allowances and how to make best use of these
- Maximising relief for decommissioning costs
- Finance planning including the impact of FX gains and losses
We offer PRT compliance services, either as a contractor preparing returns for the company or, for many clients, serving as an outsourced tax department.
We also provide an independent third party review service and ad hoc assistance, ensuring that the company’s PRT tax returns are not only technically correct. In addition, we advise on the following:
- PRT loss planning opportunities
- Claims for PRT returns (loss carry back, expenditure claims, unrelieved field losses etc)
- Decommissioning loss carry back for PRT purposes
- Accounting for PRT
We also offer compliance services in:
- Instalment payments for Corporation Tax (CT), Supplementary Charge (SC) and EPL
- Tax accounting for Corporation Tax (CT), Supplementary Charge (SC) and EPL
- Tax accounting for PRT
- Assistance with the conversion of the statutory accounts into iXBRL
- Assistance with the Senior Accounting Officer filing obligations
- Assistance with other reporting obligations under additional transparency initiatives (such as EITI, EU Directive and Reporting Payments to Governments, country by country reporting, tax strategy, Pillar 2)
For an initial conversation contact any member of our professional staff. For details see our Contact page.