The tax advisory profession has been brought into disrepute over the last few decades by others by the promotion of highly artificial off-the-shelf tax avoidance schemes. We are proud to say that we have never had reason to promote any such schemes to our clients or to introduce them to the promoters or providers of such schemes. At Prometheus Tax we assist clients with bespoke tax advice so that they can achieve their commercial objectives in the most tax efficient way. We rule out the use of artificial aggressive tax avoidance schemes as they are unethical and almost certain to fail. However, if you have entered into such schemes in the past that are now being challenged by HMRC we are able to help and advise you on the most suitable exit strategy.
We abide by the Professional Conduct in Relation to Tax guidance provided by our regulating bodies which means that all our tax advice is specific to the client’s circumstances, takes in to account a credible view of the law and all material uncertainties are drawn to the client’s attention. This means that you are able to make your decisions on a fully informed basis, that our advice will always be ethical and less likely to be challenged by HMRC.
Our commercial tax work for clients includes:
- acquisitions and disposals of businesses or parts of businesses
- succession planning for family companies
- exit planning, for example, IPO, float or trade sale
- recruitment, retention and motivation of key executives or employees by way of share incentive schemes
- research and development activities
- acquisition and disposal of trade premises
- making provision for retirement
- raising capital, for example, under the EIS or SEIS
- expanding overseas
- group reorganisations
- management buyouts
- any property transactions
Additionally, a vital part of the work we undertake focuses on managing wealth for entrepreneurs, individuals and families by minimising their potential tax liabilities and maximising opportunities for claiming tax reliefs.
We can also take care of your UK tax compliance obligations including the filing of Corporation Tax returns, providing tax disclosures for the statutory accounts, filing of year end and in-year returns under the PAYE regulations, meeting the Senior Accounting Officer requirements and advice and assistance on transfer pricing matters.