Tax Advisory

Our dedicated Financial Services tax team consists of chartered tax advisers and accountants and ex-HMRC officials, which ensures our ability to provide truly customised solutions. Our extensive experience provides us with excellent insights into the policies and procedures adopted by tax authorities. We offer a true added value service, working with your businesses to make sure you stay ahead in this ever-evolving and pressured environment.

Our team has experience in general insurance, life insurance, Lloyd’s of London insurers and insurance brokers.

Corporate tax advisory services we offer our clients include:

  • Mergers, acquisitions and secondary listings;
  • Establishment and acquisition of businesses in new countries;
  • Integration of newly acquired businesses into insurance groups to make better use of regulatory capital and rationalise businesses where synergies exist;
  • Branch profit attributions, particularly concerning the interaction of tax, accounting and solvency capital requirements in different territories;
  • LLP structuring;
  • Solvency II tax issues;
  • FATCA;
  • Identifying tax-efficient holding company locations;
  • Cross-border financing and treasury solutions, including foreign exchange rate matching and cash pooling services;
  • Income tax treaties, profit repatriation, loss utilisation;
  • Risk hedging strategies (including derivatives) and efficient use of the disregard regulations;
  • Structuring of Over The Counter (OTC) derivative transactions;
  • Debt securitisations;
  • Transfer pricing and intra-group financing as business flows and management structures change; and
  • Maximising VAT recoveries for partially exempt insurance groups.

The benefits of these services to our clients include:

  • Added value based on our understanding of your individual goals and objectives and our commitment to building successful long term business relationships;
  • Practical knowledge of the insurance industry and technical expertise from our staff who have a depth of experience in the industry;
  • Competitive pricing and considerable value for money;
  • Strong relationships with our clients facilitated by our partner-led approach and clear regular communication with our clients;
  • A strong presence in the jurisdictions in which our clients operate; and
  • Ongoing support including regular seminars for clients, tax e-updates and secondment or on-site consulting opportunities.

Tax compliance and assurance

Our expertise covers a range of areas including:

  • Employment Tax;
  • Corporate Tax;
  • Indirect Tax;
  • International Tax;and
  • Tax Investigations

Corporate tax compliance services we offer our clients include;

  • Advising clients on how to make their data gathering process more efficient;
  • Preparing tax accounting disclosures;
  • Preparing and submitting corporation tax returns and computations in iXBRL format;
  • Advising clients on their compliance burden and time limits for claims and elections; 
  • Implementing tax risk management processes and controls for the finance function;
  • Managing tax compliance; and
  • Dealing with any enquiries and resolving disputes with HMRC.

The benefits of these services to our clients include:

  • Added value based on our understanding of your individual goals and objectives and our commitment to building successful long term business relationships;
  • Practical knowledge of the insurance industry and technical expertise from our staff who have a depth of experience in the industry;
  • Competitive pricing and considerable value for money;
  • Strong relationships with our clients facilitated by our partner-led approach and clear regular communication with our clients;
  • A strong presence in the jurisdictions in which our clients operate; and
  • Ongoing support including regular seminars for clients, tax e-updates and secondment or on-site consulting opportunities.

We are also proud of our cross-border links, working closely with colleagues in other countries. For details of the tax services provided by our US colleagues, please click here

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