Tax Compliance

We have dedicated and enthusiastic tax professionals on hand to advise on all aspects of taxation. We will also deal with all enquiries from the Inland Revenue and ensure that all compliance obligations are met. We can also provide help and planning on Payroll and VAT compliance matters.

At Prime Chartered Accountants we have a range of services to help you cope with increasingly complex Corporate Tax legislation. Our services include the following:

• Corporation Tax compliance which includes the preparation of Corporate Tax self assessment returns, calculation of liabilities, corresponding with the Inland Revenue and agreeing computations, and preparation of claims and elections where appropriate to minimise tax liabilities.
  
• Partnership Tax: We provide a range of services for Partnerships including compliance, commencement and cessation (including admission of new partners and partner cessations), financing, conversion to Limited Company, and capital gains tax implications of asset disposals. 
  
• Tax Investigations: Prime Chartered Accountants have expertise in dealing with Inland Revenue Aspect enquiries and full tax Investigations. Our team consists of tax advisors who have worked on investigation assignments for many years. Our expertise in previous cases has often resulted in taxpayers bearing no additional tax at all. Where tax has been underpaid we frequently manage to negotiate low penalties and overall settlement figures.

If you wish to know more about our tax service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.

We provide the highest standards of professionalism in terms of both advice and expertise in handling the Revenue’s involvement into your affairs. We can manage the investigation in full, liaising with the Revenue and preparing all disclosures required, conducting all negotiations over tax, penalties, interest and settlement terms with the Inspector.

We also offer all clients Tax Enquiry Insurance.

For help with any Inland Revenue enquiry contact Prime Chartered Accountants.

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Tax myths

VAT

Value Added Tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. In addition the complexity means that valuable in house resources could be deployed elsewhere in the business.

The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay more VAT than you need to. We can provide you with a cost effective VAT service, which includes:

• Preparation of VAT Returns. 
• Assistance with VAT registration. 
• Advice on VAT planning and administration. 
• Use of the most appropriate scheme. 
• VAT control and reconciliation. 
• Day to day advice on matters as they arise.

If you wish to know more about our VAT service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.

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Basic errors in VAT