Navigating the complexities of taxation in the United Kingdom requires expert guidance and a proactive approach. Our Tax Advisory services in the UK are your trusted partner for making strategic tax decisions and ensuring your financial well-being.
- Expert Tax Guidance: Our team of seasoned tax advisory professionals possesses a deep knowledge of UK tax laws and regulations. We offer expert guidance on tax planning, compliance, and optimization.
- ATED and NRCGT: ATED is a tax that applies to high-value residential properties in the UK that are owned by certain non-natural persons. Non-natural persons include companies, partnerships with corporate members, and collective investment schemes. The primary objective of ATED is to discourage the use of corporate structures to hold UK residential properties, particularly for tax avoidance purposes. NRCGT is a tax on the capital gains made by non-residents when they dispose of certain UK residential property interests. It applies to both individuals and entities that are not resident in the UK for tax purposes. Non-resident property owners need to be aware of the ATED and NRCGT rules, as non-compliance can result in penalties and interest charges. Additionally, tax advisory regulations may change over time. Our knowledgeable professionals ensure compliance with the rules and help you stay updated with the latest rules and obligations.
- Tax Efficiency: Maximizing tax efficiency is paramount for businesses of all sizes. We provide strategic tax planning solutions tailored to your unique circumstances, helping you minimize tax liabilities legally.
- Corporate Tax: Corporate tax in the UK is multifaceted, with various rates and rules. We ensure your business is aware of the latest tax rates, deductions, and reliefs to optimize your corporate tax position.
- Personal Tax: Navigating personal tax obligations in the UK can be complex. We provide personalized advice on income tax, capital gains tax, inheritance tax, and more to help you achieve your financial goals.
- VAT and Indirect Taxes: Staying compliant with VAT and indirect tax regulations is essential. Our experts assist with VAT registration, returns, and compliance, ensuring your business meets all obligations.
- International Taxation: In an increasingly globalized world, international tax considerations are crucial. We offer guidance on cross-border transactions, double taxation treaties, and transfer pricing.
- Tax Audits and Investigations: Facing a tax audit or investigation can be daunting. We represent your interests and help you navigate these processes, ensuring your rights are protected.
- Dispute Resolution: Tax disputes can arise for various reasons, such as disagreements over tax liabilities, audits, penalties, or the interpretation of tax laws and regulations. We assist in the assessment of the dispute, analysis, and communication with tax authorities, suggest alternative dispute resolution, and provide litigation support, negotiation, appeals, compliance, and future planning support.
- Disclosures: It is important to note that tax disclosures are subject to specific deadlines and rules set by HMRC. Accurate and timely reporting is crucial to avoid penalties and legal consequences. We can play a key role in helping individuals and businesses navigate the complex world of tax disclosures and ensure compliance with UK tax laws.
- SEIS/ EIS: Seed Enterprise Investment Scheme (SEIS) is a government-backed initiative that encourages investment in very early-stage startups and small, high-risk companies. SEIS-eligible companies must meet various criteria, including being a UK-based, unlisted company with assets under £200,000 and fewer than 25 employees. Enterprise Investment Scheme (EIS) is designed to encourage investment in small and medium-sized enterprises (SMEs) with the goal of promoting economic growth. EIS-eligible companies must meet criteria, including being a UK-based, unlisted company, having fewer than 250 employees, and having gross assets of £15 million or less. Both SEIS and EIS play a vital role in attracting private investment to startups and growing companies, which can be essential for their development and success. It is crucial for both investors and companies to meet the eligibility criteria and comply with the rules and regulations set out by HM Revenue and Customs (HMRC) to take advantage of these schemes, which KNAV can help you with.
- Tax Reporting and Compliance: Accurate and timely tax reporting is vital. We provide comprehensive support for tax return preparation and compliance, minimizing the risk of penalties.
- Tax Relief and Incentives: Discover opportunities for tax relief and incentives in the UK. We help you identify and leverage schemes like R&D tax credits and capital allowances.
- Tax Strategy Development: A well-defined tax strategy aligns with your financial goals. Our tax professionals collaborate with you to develop a tax strategy that maximizes savings and minimizes risks.
- Corporate Structuring: Corporate structuring for tax efficiency involves organizing a business in a way that minimizes its tax liabilities and takes advantage of available tax incentives and benefits. The specific strategies and considerations for corporate tax structuring can vary by jurisdiction. Our professionals have the expertise to help you navigate through all the complexities and provide guidance customised to your specific business needs and circumstances.
- Corporate Restructuring: Corporate restructuring in the UK can have significant tax implications, and it’s crucial to consider these implications carefully when planning and executing any corporate restructuring. The specific tax advisory considerations will depend on the restructuring you are undertaking. Some common types are M&A, Demergers, Group reorganisations, Share buybacks, Transfer Pricing, Asset Transfers, etc. Our professionals can help you structure your corporate restructuring tax efficiently, ensuring compliance with all relevant laws and regulations.