Given the migration towards increased reporting and tax transparency, it is vital that UK taxpayers ensure their tax compliance obligations are met in an accurate and timely manner. Being up to date and fully compliant with your tax reporting will minimize the risk of inquiries or penalties.
Duff & Phelps has extensive experience in the preparation and submission of tax returns for LLPs, partnerships and corporate entities. We use our in-depth knowledge of UK tax legislation and current practice to ensure that tax returns and associated documentation are prepared to the highest professional standard and are capable of robust defense in the event of HMRC challenge.
- A risk review to identify common areas of tax risk specific to the industry such as identifying transfer pricing risks;
- Investment Management Exemption (IME) exposure;
- Permanent establishment concerns and where research and development tax credits claims may be beneficial; and
- Changes to the taxation of LLPs.
We also endeavor to align our processes with that of your bookkeepers and auditors to ensure that you will not be over-burdened with queries.
We use leading technology to manage, report and electronically file returns with HMRC. We are also able to convert your financial statements into IXBRL language, as required by HMRC, for submission.