Taxation
Our Tax Team consists of a group of experienced and highly qualified specialists with backgrounds in both Big 4 Firm tax departments and HM Revenue & Customs (HMRC), covering the full range of taxes from corporation tax and income tax to capital gains tax, inheritance tax and VAT.
The two key components of the service are Compliance and Planning but often these dovetail, since we pride ourselves on looking for planning opportunities that arise out of our compliance work for clients and, conversely, successful planning is only achieved if attention is paid to the detailed compliance aspects that follow from a transaction.
Compliance
The UK tax system is complex and whether you are a corporate or a personal client you need to know in good time when your liabilities fall due, how much they are and be confident that you are not paying more to the taxman than he is entitled to expect.
Our compliance services include:
- Preparation of corporate and personal Self Assessment tax returns for electronic filing to HMRC
- Calculation of tax liabilities and notification of when these fall due for payment
- Acting as agent with HMRC for corporate tax, personal tax and VAT purposes
- Ensuring all appropriate and available deductions, allowances and reliefs are claimed to mitigate tax liabilities
- Corporation Tax – iXBRL Briefing
Planning
Examples of planning areas in which our partners and senior managers have been involved and have specialist expertise include:
- Mergers, acquisitions and disposals – both corporate and personal aspects of such transactions, working closely with our Corporate Finance team
- Corporate reorganisations, group structuring (including overseas), joint ventures, incorporations, limited liability partnerships
- Succession planning – income tax, capital gains tax and inheritance tax
- Enterprise Investment Schemes
- Research and Development Tax Credits
- Use of trusts – both family trusts and employee benefit trusts
- Remuneration planning, dividends versus bonus, enterprise management incentives
Download our Tax Card (559Kb PDF)
VAT
When VAT was first introduced into the UK in 1973, it was heralded as the "simple tax". Almost 40 years on and any suggestion of it being a "simple tax" is wide of the mark, and with the standard rate (20%) double what it was in 1973, this leaves definite scope for errors which can impact significantly on a business’s bottom line.
UNW is extremely well equipped for dealing with all UK VAT matters and is the only office in the North East with a dedicated VAT partner.
We can offer assistance with all UK VAT queries, ranging from ad hoc requests through to more focused advice on assisting with structuring of regular and one-off transactions so that they are dealt with in a VAT efficient manner.
In conjunction with our Accounting Services department, we can also provide advice and support on normal compliance issues when dealing with the preparation and submission of VAT returns.
Download our guide to completing a Standard UK VAT return. (61Kb PDF)
Employment Tax Services
Our Approach
UNW now has the most senior employment taxes specialist in the North East providing proactive advice on all areas of PAYE and National Insurance. Our approach to our clients is to tailor our services to the circumstances. This only comes from us understanding your business.
Our Services
We can provide the following services, tailored to your requirements:
- PAYE/NIC reviews – pre HMRC visit
- HMRC Employer Compliance reviews
- Termination payments structuring
- PAYE/NIC Training for employees
- Construction Industry Scheme advice
- Expenses policy review
- Salary sacrifice planning
- End of year reporting (including payroll)
- P11D dispensations and PSAs
- Our unique Employment Taxes Optimiser service
The benefits of using our services
- Reduced risk of non-compliance
- Saving NIC and tax by utilising available exemptions
- Great service provided as part of an integrated tax team
- Constant updates to keep you up to date with the latest developments
