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.

Spring Budget 2024 – 6 March Full Summary

Lowering taxes The Chancellor made further changes to National Insurance contributions (NICs), following the cuts made in the Autumn Statement 2023. The rates for NICs will be cut further for both employees and the self-employed from 6 April 2024. There was also a cut in the higher rate of Capital Gains Tax (CGT) on residential […]

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
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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
Corporate
Spring Budget 2024 – R&D updates (or lack thereof)

Changes to the scheme Recent Budgets have seen significant changes to the way R&...

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Insights
Corporate
Spring Budget 2024 – updates for businesses

Corporation Tax rates The Government has confirmed that the rates of Corporation Tax will remain...

Read more
Empty theatre auditorium
Insights
Not for Profit
Changes to creative sector tax relief claims

The changes relate to Theatre Tax Relief, Orchestra Tax Relief, and Museums and Galleries Exhibition...

Read more
ideas light bulb r&d research and development
Insights
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
Insights
Corporate
Spring Budget 2024 – R&D updates (or lack thereof)

Changes to the scheme Recent Budgets have seen significant changes to the way R&...

Read more
Insights
Corporate
Spring Budget 2024 – updates for businesses

Corporation Tax rates The Government has confirmed that the rates of Corporation Tax will remain...

Read more
Empty theatre auditorium
Insights
Not for Profit
Changes to creative sector tax relief claims

The changes relate to Theatre Tax Relief, Orchestra Tax Relief, and Museums and Galleries Exhibition...

Read more
ideas light bulb r&d research and development
Insights
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
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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Press
Corporate
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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Press
Corporate
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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VAT return meeting
Publications
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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Publications
Private Client
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
Corporate

Auditing an AIM Listed international technology Company

Kromek PLC are an AIM-listed technology Group based in Sedgefield, County Durham with offices overseas in Pittsburgh, USA. Haysmacintyre were appointed as auditors of Kromek PLC in 2020 and since then have delivered a hybrid audit, comprising both time spent on site in both Sedgefield and Pittsburgh as well as certain procedures being performed remotely.

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Case studies
Corporate

Reporting Accountant services for an Initial Public Offering (IPO) on LSE AIM

Our client, Tan Delta Systems provides equipment monitoring systems and monitoring services to a range of companies that use machinery to improve the reliability of their equipment, enabling a material reduction in their maintenance cost and reducing their carbon footprint.

haysmacintyre supported the IPO through the provision of Reporting Accountant services to meet the LSE’s listing regulation requirements.

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Case studies
Corporate

Valuation services for a company looking to perform a share buyback of one individuals’ shareholding

Our client is a London-based app developer that creates apps for Apple and Android platforms.

haysmacintyre prepared a memorandum that set out a range of company valuations, along with advice surrounding the tax implications of a 24% shareholding being bought back by the company.

We estimated that the minority 24% shareholding being bought-back held an estimated value ranging from £9m to £11m.

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Awards and Accreditations

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

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