The pressure on revenue authorities globally to increase tax receipts and tackle tax avoidance continues to increase year on year. HM Revenue & Customs (HMRC) has spent billions of pounds improving their technology capabilities resulting in more accurate and easily comparable data being made available to them. Increased reporting requirements to the HMRC, the FCA and international tax and regulatory bodies, and a move towards tax transparency, has highlighted the need to control the way information is disclosed.
All UK taxpayers should take care with the information they are reporting to ensure it is accurate, sufficient and timely. Being up to date and fully compliant with your tax reporting will minimize the risk of inquiries or penalties.
Duff & Phelps can assist investment managers with tax compliance matters. As advisers to the financial services industry, we provide a compliance service beyond simply the completion and filing of tax returns. We can assist you with the following areas of tax compliance:
Tax compliance for LLPs, partnerships and corporate entities
Employment related securities
Alternative investment valuation for private equity and hedge funds.Portfolio Valuation
Assistance in tax and regulatory litigation and investigations.Tax Disputes
Comprehensive compliance and regulatory support for FCA authorized firms.UK Regulation
Management Company Services
Infrastructure, staff and supervision for AIFM/UCITS ManCo duties.Management Company Services