Corporate Tax

Regular developments in the international tax landscape, from OECD’s Base Erosion and Profit Shifting (BEPS) project to the changes announced in the last Finance Act, can pose perpetual challenges for organisational implementation. Ensuring businesses continue to be tax efficient as well as tax compliant is a challenge that requires expert judgement. Tax authorities’ aspirations to maximise tax collection and clamp down on undesirable tax practices has emboldened them to seek international cooperation and implement transparency regimes such as country-by-country reporting (CbCR) and DAC6.

What we do and how we can help (Our Solutions)

WTS Hansuke provides specialist and niche corporate tax and business tax advice. We take care of tax compliance work freeing our clients to focus on their core business activities. We prepare and submit tax computations quickly and accurately, ensuring that the latest tax measures such as corporate interest tax relief, corporate capital loss restrictions and surcharge tax have all been properly treated by our team of FS tax experts. WTS Hansuke offers corporate tax advisory services driven by the specific core business objectives of our clients. We leverage our financial services and taxation expertise to assist our clients at the strategic, business-planning level to understand the effect of business strategy on tax profile.

WTS Hansuke provides a broad range of corporate tax services, including:

• Corporate Tax Risk and Strategy;
• Tax Compliance & Reporting;
• Senior Accounting Officer (SAO) process;
• Deferred Tax Asset (DTA) Advisory services; and
• Corporate Tax Training.

VAT

Within the FS industry, VAT is a specialist and complex matter. VAT exposures can quickly escalate without a cohesive strategy and a proper understanding of the precise compliance requirements.

What we do and how we can help (Our Solutions)

At WTS Hansuke, we help clients effectively manage their VAT compliance, advise on complex transactions and negotiate with tax authorities. To ensure that our clients remain on-course, we support full or partial VAT compliance outsourcing solutions, identify the right partial exemption special method (PESM) and review VAT accounting systems.

Our VAT services include:

• Assistance with VAT registration;
• Preparation and filing of VAT returns;
• Advice on VAT planning and administration;
• Negotiation and updating of PESMs;
• Staff training and development;
• VAT ‘health check’ reviews;
• Development of governance arrangements to minimise potential problems with HMRC; and
• Negotiation with HMRC in disputes and representing clients at VAT tribunals.

Employment Tax

Following significant legislative developments and amendments in recent years, including the introduction of the Apprenticeship Levy (2017), the limits of salary sacrifice arrangements (2017), the restrictions on termination payments (2018) and IR35 developments, it is imperative for firms to ensure that employment tax procedures are up-to-date and in alignment with broader tax strategy.

What we do and how we can help (Our Solutions)

We help our clients manage their tax compliance requirements and reduce unnecessary tax risks. We draw on our good relationship with HMRC and our in-house knowledge and experience, to work with finance, payroll and HR teams and ensure that processes are fully documented for Senior Accounting Officer (SAO) purposes, supporting teams through HMRC reviews, and providing staff training on specific areas of employment taxation.

WTS Hansuke provides a broad range of employment tax services, including:

• Review, advice, improvement and documentation of existing policies and procedures under SAO regulations;
• Support with KYC and additional HMRC compliance reviews;
• Negotiating HMRC disputes and settlements;
• Performing mock employment tax audits using HMRC methodologies;
• Determination of employment status and IR35 issues;
• Determining tax position for expenses and benefits, including P11Ds and PAYE Settlement Agreements;
• Ensuring UK compliance for internationally mobile employees and directors, both short and long term;
• Appointment of non-executive directors and non-UK based directors;
• Tax efficiency of salary sacrifice, exchange and flexible benefit schemes; and
• General compliance on matters including day-to-day payroll queries, apprenticeship levy, termination payments and share options.