Business Tax

Our corporate tax knowledge is extensive, but we recognise it’s just the means to an end: making sure your business is in the strongest possible position for sustainable commercial success.

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Why haysmacintyre

With our experience of supporting clients at all stage of their business journey, we’ve amassed a wealth of advice that can help you structure your business tax-effectively, be confident of being tax complaint and ensuring that you don’t pay any more tax than you need to.

Working closely with you to develop a deep understanding of your operations, challenges and aims, we’ll be proactive in suggesting tax strategies that match your goals and appetite for risk. We’re thoughtful, imaginative and always practical.

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Tax is ever-evolving and with the emphasis on digitisation, the pace of change is accelerating. You can rely on us to be fully up to speed with our advice, helping you plan well in advance for forthcoming tax rules and requirements.

With the global reach we provide though our membership of the MSI Global Alliance, we’ll guide you through your international business decisions and their tax implications, for every jurisdiction where you’re active or exploring the possibilities.

For more information on our international capabilities, click here.

Key business tax updates from the 2023 Spring Budget

Corporation Tax rates The expected increase in the rate of Corporation Tax to 25% for many companies from April 2023 will go ahead. This means that, from April 2023, the rate will increase to 25% for companies with profits over £250,000. The 19% rate will become a ‘small profits’ rate, payable by companies with profits […]

Understanding the changes to Corporation Tax Rates and quarterly payments for companies

The combination of increased interest rates and Corporation Tax rates has amplified the importance of payment timelines for companies. Knowing when you should make your payments and factoring them into your cash flow, helps you to be prepared and manage you resources effectively.

EMI design and implementation

Enterprise Management Incentive (EMI) is a government-backed employee option scheme that benefits from generous tax advantages compared with regular ‘unapproved’ share options.

Company Share Option Plan

CSOP is a government backed tax-efficient employee option plan, which can allow companies to grant options to employees at today’s value, without suffering income tax or NIC on any increase in value.

Growth Shares

Growth shares are a special class of shares that only have value if the company’s share price is above a set hurdle. They are often used in employee incentive planning.

Servicing our clients

Tax
Tax
Tax
Tax
Tax

Tax compliance and reporting

  • Corporation tax compliance and reporting including assisting with tax accounting disclosures
  • Group tax planning and reporting including advising on most efficient use of losses and group relief
  • iXBRL tagging of tax returns
  • Identifying and maximising capital allowances claims
  • Corporate Interest Restriction advice and compliance
  • Assistance to help you comply with the senior accounting officer regime
  • Assistance with HMRC enquiries and tax disputes

Tax credits and incentives

  • Supporting companies in making Research & Development tax relief claims and creative tax relief claims.

Acquisitions, disposals and exit planning

  • Transaction support on mergers, takeovers and succession planning
  • Tax due diligence work
  • Advice on transaction structure and post-acquisition structuring
  • Shareholder exit planning including advising on Business Asset Disposal Relief (‘BADR’)

Venture capital reliefs

  • Advice and support on venture capital tax reliefs including Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).

International corporate tax advice

  • Strategic advice on all aspects of transfer pricing
  • Tax audits, mutual agreement procedures
  • Value chain analysis
  • Withholding taxes
  • Permanent establishments

Tax efficient business structuring

  • Strategic advice on tax efficient corporate and business restructuring in the UK and overseas.
  • Structuring for owner-managed and family businesses

Property tax

  • Support on tax aspects of property transactions including Stamp Duty Land Tax (SDLT) advice
  • Annual Tax on Enveloped Dwellings (ATED) compliance and advisory
  • Assistance with the Construction Industry Scheme (CIS)
  • Tax-efficient structuring of property acquisitions
  • Advice on acquisitions and disposals
  • Maximising capital allowances on property transactions
  • Remuneration and profit extraction planning

Employee incentives

  • Implementing employee-based equity schemes including the Enterprise Management Incentive (EMI) Scheme and Growth Shares
  • Review of existing equity based incentive schemes
  • Employment Related Security (ERS) returns

Not for profit sector specific services

  • Museums and Galleries Exhibition Tax Relief claims
  • Theatre Tax Relief claims
  • Orchestra Tax Relief claims
  • Advice on mutual or non-trading status
  • Maintaining and accessing Corporation Tax reliefs for charitable entities
  • Charity tax compliance
  • Group tax planning for charitable entities
  • Setting up / reviewing Gift Aid arrangements
  • Claiming Gift Aid / charitable giving

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Partnerships & LLPs

  • Partnership tax compliance
  • Advising on mixed partnership rules

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I have used the haysmacintyre tax team for a number of years to help me understand and resolve these issues. Without exception they have provided a first class and timeous service across the board.

John Nisbet

John Nisbet Tax Services Ltd

Insights

See all of our latest news related to Business Tax.

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Insights
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2023 HMRC R&D statistics

The key findings were: 11% more tax relief claimed: The total value of R&D...

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Vermilion Holdings Ltd v HMRC – When are options employment related?

In summary, an option over 2.5% of the company was originally granted for consultancy work performed,...

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Understanding the changes to Corporation Tax Rates and quarterly payments for companies

How much Corporation Tax do companies pay? As of 1 April 2023, the main rate of Corporation...

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Creative, Media & Technology
Changes to creative sector tax reliefs

These changes are summarised below: Extension of the sunset clause for Museums and Galleries Exhibition...

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Not for Profit
Avoiding common pitfalls of Gift Aid

Follow up with donors where you believe there to be missing or unclear information from...

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Corporate
Employee options in M&A transactions

Employee options often play a key role in M&A transactions and need to...

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ideas light bulb r&d research and development
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Corporate
2023 HMRC R&D statistics

The key findings were: 11% more tax relief claimed: The total value of R&D...

Read more
Insights
Corporate
Vermilion Holdings Ltd v HMRC – When are options employment related?

In summary, an option over 2.5% of the company was originally granted for consultancy work performed,...

Read more
Insights
Corporate
Understanding the changes to Corporation Tax Rates and quarterly payments for companies

How much Corporation Tax do companies pay? As of 1 April 2023, the main rate of Corporation...

Read more
People looking at art in museum
Insights
Creative, Media & Technology
Changes to creative sector tax reliefs

These changes are summarised below: Extension of the sunset clause for Museums and Galleries Exhibition...

Read more
Donation jar, coin dropping in
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Not for Profit
Avoiding common pitfalls of Gift Aid

Follow up with donors where you believe there to be missing or unclear information from...

Read more
Insights
Corporate
Employee options in M&A transactions

Employee options often play a key role in M&A transactions and need to...

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Press
Corporate
haysmacintyre reinforces team investment with trio of new Director appointments

Donna Russell, James Gramston and David Lyons have all been promoted to Director, effective from 1...

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haysmacintyre continues strong growth with the appointment of three new Directors

The announcement continues an exciting period of growth for haysmacintyre, following four Partner promotions in...

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haysmacintyre promotes four to Partner as firm focuses on continued sector and service specialisation

These promotions come as haysmacintyre continues to build a market-leading and forward-thinking firm that can...

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Publications
Budget Report 2021

The Chancellor, Rishi Sunak, set out the Government’s tax and spending plans for the...

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Private Client
Tax rate cards 2020/21

We are pleased to release our annual tax rate card, which summarises many of the...

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Publications
Private Client
Budget 2020: the £30bn spend

Our Tax specialists have prepared an in-depth analysis following the Budget, as delivered by Rishi...

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Year End Tax Planning 2019/20 Briefing

Our Year End Tax Planning Briefing, in which we highlight a number of issues and...

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Case studies

View all case studies
Case studies
International

RAiN collaboration

In January 2023, haysmacintyre and RAiN started collaborating on a mutually beneficial audit secondment arrangement. For a seven month period, six members of the RAiN audit department worked remotely on haysmacintyre audit clients, helping to deliver quality audit services to UK based clients.

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Case studies
Corporate

Case study: Enterprise Management Incentive (EMI) options for key employees

Case study takeaways: Our client is a platform designed to support ecommerce growth. haysmacintyre assisted with structuring equity remuneration packages for key employees. The incentive package was agreed utilising available tax advantages and within the client’s timeframe. The challenge Our client wished to offer equity incentives to its key employees. Enterprise Management Incentive (EMI) options […]

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Case studies
Hospitality

Hospitality case study: Coronavirus Job Retention scheme investigation

Case study takeaways:

  • Company A operates in the hospitality sector.
  • haysmacintyre assisted the client with an HMRC Coronavirus Job Retention Scheme (CJRS) investigation.
  • Reduced company’s liability from £180k to zero within one week following our involvement.
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Awards and Accreditations

Accounting Excellence Large Firm of the Year 2023
eprivateclient top accountancy firm 2023

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