Corporation Tax Advisor
We assist in minimising your Corporation Tax obligations and completing your corporation tax return. Navigate complex Corporation Tax legislation, avoid traps, and minimise your tax liabilities with comprehensive, tailored tax planning advice.
We'll help you navigate complex Corporation Tax legislation, avoid traps and minimise your tax liabilities. Our comprehensive, tailored tax planning advice for your specific Corporation Tax requirements frequently results in significant tax savings being identified.
Why Choose Acumon for Corporation Tax Advice
For finance directors and CFOs, effective corporation tax management requires more than compliance – it demands strategic planning, deep technical expertise, and an understanding of how HMRC operates. Our approach combines these elements to deliver measurable tax savings while maintaining full regulatory compliance.
HMRC Experience
Many of our tax staff have previously worked for HMRC, providing unique insights into how the tax authority operates. This experience enables us to work with HMRC effectively on your behalf, navigating enquiries and disputes with confidence.
Chartered Tax Advisor
Our team includes an in-house Chartered Tax Advisor (CTA), qualified by the Chartered Institute of Taxation. The CTA represents the UK's highest tax qualification, ensuring you receive expert advice for businesses and high-net-worth individuals.
Corporation Tax Claims and Reliefs
We can help reduce your Corporation Tax by claiming against various reliefs and allowances available under UK tax legislation. Our comprehensive approach ensures no opportunity for tax optimisation is overlooked.
Previous Tax Losses
Corporation tax losses can be carried forward indefinitely or carried back to offset against previous profits, subject to certain restrictions. We help finance directors identify and utilise trading losses, capital losses, and group relief opportunities to minimise current and future tax liabilities. Our strategic approach considers loss utilisation timing, group structures, and anti-avoidance provisions to maximise relief while maintaining compliance.
Patent Box Relief
The Patent Box regime provides a reduced corporation tax rate of 10% on profits derived from qualifying intellectual property, including patents and certain other IP rights. This relief can significantly reduce effective tax rates for innovative companies. We advise on eligibility criteria, profit allocation methodologies, and integration with R&D tax credits to optimise overall tax efficiency. Our approach ensures proper documentation and compliance with HMRC requirements while maximising relief claims.
Research and Development Tax Credits
R&D tax credits represent one of the most valuable tax incentives for innovative companies, providing either enhanced tax deductions or cash credits for qualifying R&D expenditure. We help finance directors identify qualifying activities, maximise claim values, and ensure robust documentation to support claims. Our integrated approach considers interaction with other reliefs, including Patent Box and capital allowances, to optimise overall tax position.
Corporation Tax Case Studies
Case Study 1: The Music Manager
A prominent music manager was splitting time between the US and the UK, reporting minimal personal income in the UK but significant corporation tax obligations in the UK.
Our Solution: We obtained a substantial corporation tax refund from HMRC under the double taxation treaty, since sales were primarily in the US. Our review of the UK-US double tax treaty provisions showed that the income should be taxed in the US rather than the UK, leading to a significant refund.
The Outcome: The client received a substantial corporation tax refund, demonstrating the value of expert international tax planning and treaty analysis.
Case Study 2: Fleet Management Data Company
We were engaged to provide annual compliance services for this company. Following comprehensive analysis, we determined that the client qualified for Research and Development tax credits, which differed from the assessment made by their previous accountant.
Our Solution: We conducted a comprehensive review of the company's activities, identifying qualifying R&D work that had been overlooked. We prepared detailed technical documentation and financial calculations to support the claim.
The Outcome: We secured an initial HMRC tax credit and then ongoing annual tax credits of approximately £100,000, significantly improving the company's cash flow and tax efficiency.
Comprehensive Tax Planning
When stakeholders have conflicting interests, we can also facilitate discussions to propose equitable solutions for all parties. Our comprehensive approach enables us to advise across all of your business and personal affairs, optimising your current situation and helping you plan for a better future.
Integrated Tax Strategy
Effective corporation tax planning requires consideration of broader tax implications, including personal tax, VAT, and other business taxes. Our integrated approach ensures that corporation tax strategies complement rather than conflict with other tax planning objectives, delivering optimal overall tax efficiency.
Group Tax Planning
For corporate groups, we provide comprehensive group tax planning services, including group relief, consortium relief, and tax-efficient group structures. Our approach considers intra-group transactions, transfer pricing, and group reorganisations to optimise overall group tax position while maintaining compliance with anti-avoidance provisions.
Our Senior Tax Team
Our corporation tax advisory services are delivered by a team of highly qualified tax professionals, including Chartered Tax Advisors, former HMRC inspectors, and experienced tax advisors. This combination of technical expertise and practical experience ensures you receive advice that is both technically sound and practically implementable.
Next Step
Get in touch to discover how we can help resolve your Corporation Tax challenges. Our team will evaluate your current situation, uncover tax optimisation opportunities, and create a strategic plan to reduce your corporation tax liabilities while maintaining full compliance.
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