UK Tax Reporting
UK tax reporting is more complicated and onerous than it has ever been. It is important to ensure you are tax compliant in all the countries in which you have a footprint. We have a dedicated team that can advise you on all aspects of UK tax reporting and compliance.
Sectors and Services
UK Tax Reporting
Our specialist team regularly acts for overseas clients, supporting and advising them in relation to a wide range of UK tax reporting whether that be as an individual, in relation to UK property, in connection with a trust or in relation to the various tax information exchange agreements which set out global reporting requirements (e.g. Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA)).
The consequences of being non-compliant can be significant including financial and / or reputational cost. Ensuring you have the right advisers in place is essential.
The team is well versed in all aspects of UK tax reporting and is able to take you through the complexities and technicalities to ensure you are compliant at all times. Their services include but are not limited to,
1. You, the individual,
- Annual tax returns
2. Trusts
- Trust tax returns
- Annual trust accounts
- Inheritance tax returns and reporting
- Calculating relevant income, offshore income gains and stockpiled capital gains
- Trust registration service – whether that be registering for the first time or updating the register
3. UK Property
- Capital Gains Tax reporting and payment following the sale of UK property or the liquidation of a UK property holding company
- Annual Tax on Enveloped Dwellings (ATED) returns
- Non-resident capital gains tax returns
- Non-resident landlord scheme
4. If you are worried that your UK tax reporting / compliance may be incorrect or it is not up to date we can review the position and where necessary advise and guide you through voluntary disclosure reporting to HMRC to remediate the position.
5. Advising in connection with relevant tax information exchange agreements (e.g. CRS, FATCA)
Where appropriate we work collaboratively with your tax advisers in other countries to ensure a joined up approach.
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