Personal tax compliance
Our dedicated personal tax compliance team ensures clients are always up to date with their tax reporting, no matter how complicated their affairs.
It’s important that individuals, trustees, and unincorporated businesses that need to report their annual taxable income to the UK tax authorities, get their return right, as it forms the basis for their tax liability. We support clients by collating and submitting the information they need to report in the appropriate format, all in good time.
Examples include Trust Registration Service (TRS) reporting, CRS and FATCA reporting, as well as the completion of inheritance tax forms and calculating the associated liability.
Inheritance tax for business owners
Changes to Business Property Relief (BPR) announced in the UK’s 2024 Autumn Budget have significant implications for business owners and their unquoted trading companies. Understanding these changes and implementing appropriate strategies is crucial to mitigate potential tax liabilities and even prevent the sale of the business.
After 6 April 2026, if a shareholder dies, inheritance tax (IHT) will be charged at 20% on the value of shares above £1 million. This could result in a sizeable liability for the executors and could potentially force the sale of shares in the company to fund the IHT bill.
We’re working with family-owned businesses, advising on strategies for updating their succession planning in light of the changes.
Succession for farming businesses
Changes to Agricultural Property Relief (APR), planned to take effect from April 2026, could potentially impact the amount of inheritance tax payable when a landowner dies, and therefore affect their ability to pass on their farm to their children.
APR applies to property and land used for agricultural purposes. From April 2026, a new £1 million allowance per person (of either APR or BBR) will apply. Assets that previously qualified for the 100% rate of relief will be eligible for 100% relief only up to the total value of the £1 million allowance.
We’re working with the owners of agricultural businesses to look at changes they can make during their lifetime to ensure they can pass the family business on to their heirs without having to sell land or assets to fund a large tax bill.
Maximising business tax reliefs
Our experts support companies investing in innovation, helping them to navigate the complex rules that determine eligibility for tax reliefs such as research and development (R&D) tax relief.
The Patent Box regime is a tax incentive that can reduce a company’s corporation tax rate on relevant profits to an effective 10%. We advise businesses on whether they qualify and work with them to make the relevant calculations and submit a claim.
Transfer pricing
Our experts work with UK businesses and multinational groups to help them create and maintain transfer pricing documentation that supports their ‘arm’s length’ transactions.
We ensure clients remain compliant with the relevant transfer pricing legislation by designing policies and undertaking economic benchmarking to establish arm’s length prices. We also review and advise on existing policies and can identify other potential issues, such as withholding tax and VAT.
Creative sector tax reliefs
The UK creative sector tax reliefs include Film Tax Relief, High End Television Tax Relief, Video Games Tax Relief, Children’s Television Tax Relief and Theatre Tax Relief. There is also an Audio-Visual Expenditure Credit and a Video Games Expenditure Credit.
Our experts work with clients from the inception of their projects to maximise the available tax relief, advising on issues such as how to qualify as a ‘production company’ and the criteria for passing HMRC’s ‘cultural test’.
Case studies
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