WE'RE HIRING
WE'RE HIRING

Corporate Tax

Receive strategic advice on company tax, reliefs
and allowances to boost your bottom line

Back to Tax for Business

Corporate Tax

Our goal is to minimise your corporation tax exposure while ensuring your compliance with reporting requirements.

The net result should be the worry-free feeling of being in full control of your financial fortunes.

We will plan succession and exit strategies in advance so the opportunities for tax reliefs on sale are maximised, and we will handle any clearances from HMRC for complete peace of mind.

Our expertise encompasses:

  • Corporation tax reporting and compliance
  • Business valuations
  • Share schemes
  • Acquisitions and disposals
  • Management buy-ins and buy-outs
  • Reorganisations and reconstructions
  • Group tax planning
  • Remuneration planning
  • International tax planning
  • Tax investigations

Contact Cormac Marum for a free, no-obligation chat about your situation.

 

CAPITAL ALLOWANCES GUIDANCE

Capital allowances is often an overlooked area of financial planning but they can make a huge difference to your bottom line.

They allow businesses and individuals to write off qualifying expenditure for tax purposes, reducing taxable profits and income.

Harwood Hutton has specialised in capital allowances for many years, advising clients in all business sectors and in respect of all types of plant and machinery assets and, in particular, expenditure on property.

If you are incurring or have incurred capital expenditure on assets for your business or are buying, selling, constructing, fitting out or refurbishing premises for carrying out your business, contact us urgently.

We can ensure capital allowances are considered to maximise the savings available.

Compliance services

  • Capital allowances analysis for the construction, refurbishment or fitting out of commercial properties
  • Capital allowances valuations and reports for the acquisition of commercial properties
  • Research and development allowances
  • Business premises renovation allowances
  • Enhanced capital allowances for energy saving and environmentally beneficial plant and machinery
  • Long life asset reviews
  • Remediation of contaminated land tax relief
  • Revenue and capitalised revenue expenditure reviews
  • Capital allowances reviews and processes for multi-site expenditure
  • Retrospective/historic capital allowances reviews
  • HMRC and Valuation Office agreement
  • Tax-efficient construction design reviews.

Capital allowances transaction services

  • Capital allowances due diligence and entitlement reviews
  • Tax modelling for capital expenditure projects
  • Property acquisition transaction advice
  • Capital allowances clauses and elections for sale and purchase agreements
  • Capital contributions and lease incentives for landlords and tenants
  • Property disposal capital allowances reviews and transaction advice
  • Expert witness and litigation support.

Contact Harwood Hutton to see if capital allowances could apply to your work or project.

 

EMPLOYMENT SOLUTIONS

Share schemes and share incentives are employee benefits that can provide major reward and tax advantages to the employer.

They can also help motivate staff, raising morale and boosting performance.

There are four types of HMRC-approved tax-advantaged share schemes, each with varying terms and conditions.

Some advantages of the schemes include paying no income tax and National Insurance on any increase in value of the shares, or not paying tax on any bonus at the end of the scheme. The qualifying schemes are:

  • Share incentive plans
  • Save As You Earn (SAYE)
  • Company share option plans
  • Enterprise management incentives (EMIs)

Other share schemes are available but they will not offer the same tax advantages.

Talk to the experts at Harwood Hutton about the scheme which best suits your business.

 

ENTERPRISE INVESTMENT SCHEME (EIS) GUIDANCE

EIS is an excellent scheme but hard to navigate without an expert by your side.

It helps you raise growth funding by offering tax reliefs to individual investors who buy new shares in your company.

Under EIS, you can raise up to £5 million each year, and a maximum of £12m in your company’s lifetime. This also includes amounts received from other venture capital schemes. Your company must receive investment under a venture capital scheme within sevn years of its first commercial sale.

You must follow the scheme rules so your investors can claim and keep EIS tax reliefs relating to their shares. Tax reliefs will be withheld or withdrawn from your investors if you do not follow the rules for at least three years after the investment is made.

Let Harwood Hutton steer you through the EIS process. Contact us today.

 

ENTREPRENEURS’ RELIEF GUIDANCE

If you are contemplating the sale of all or part of your business, talk to Harwood Hutton about Entrepreneurs’ Relief.

Under the relief, business owners pay a lower Capital Gains Tax rate of 10 per cent when they sell all or part of their business, compared with a normal rate of 20 per cent.

Worth up to a maximum of £1m for an individual, the relief is claimed by around 50,000 people every year, at an average claim of £8,000 per person.

The rules were tightened up the 2018 Budget. Now, entrepreneurs must own a business for two years before selling in order to qualify for the relief.

They must also own shares entitling them to 5 per cent of distributable profits of the business and net assets of the company.

Talk to our ER tax relief Cormac Marum.

 

R&D TAX CREDITS

R&D tax credits are another under-claimed tax relief but can provide a significant boost to your business.

They were designed to encourage innovation and allow up to 33.35% of a business’s research and development spend to be recovered as a cash repayment. Any business operating in any sector may be eligible.

If your business is innovating, developing or improving a product or service, you may qualify for R&D tax credits.

Contact us to see how much you might be able to claim.

 


Our advice will also cover:
  • Seed Enterprise Investment Scheme (SEIS)
  • Tax-efficient inward investment
  • Tax shelters
Videos

ENTERPRISE MANAGEMENT INCENTIVE (EMI) EXPLAINED

Cormac Marum talks about the many commercial advantages associated with an Enterprise Management Incentive (EMI) Scheme.

THE MANY ATTRACTIONS OF AN EIS SCHEME

The Enterprise Investment Scheme (EIS) provides a variety of tax reliefs to investors and can be an ideal platform for small companies to raise finance. Cormac Marum explains.

BUSINESS PROPERTY RELIEF

Business Property Relief is a tax relief for trading companies, one that can be used to mitigate your exposure to Inheritance Tax. Find out more.

NEW SOLUTION FOR PROPERTY DEVELOPERS

Harwood Hutton has developed a new commecial solution to a tax issue being faced by property developers. Learn more.

ENTREPRENEURS' RELIEF

Getting this relief right is critical if you are to exit a business in the most profitable way, says Cormac Marum.

STAMP OF AUTHORITY

Stamp Duty Land Tax is the tax that anybody has to pay when they buy a property. Cormac Marum explains how we closely examine any transaction to see if we can improve the tax situation.


Our key experts include

Awards & Affiliations

Client Testimonials
  • I always get quick, clear and definitive responses from the Harwood Hutton tax team – commercial answers to commercial issues.

    Robin Berry – Morgan Management
  • Right from the outset Harwood Hutton gave us direction and great advice – and that advice has evolved over the years as we’ve grown. We’re both medium-sized companies providing a bespoke service – one furniture, one accountancy – and the relationship works.

    Andy McCarron, McCarron and Co
  • I’m deeply impressed with Harwood Hutton’s extensive knowledge of tax arrangements for residential and commercial property landlords.

    Qadeer Ahmed, MD, ABA Finance
  • They really took their time to understand what was important to us and our business and the expertise we required. Whoever we speak to at HH, we get the same fantastic response and technical input. It’s a real partnership.

    Edward Finch, group MD, MRIB insurance brokers
  • I have worked with the directors at Harwood Hutton on a number of mutual client matters over many years. The reassurance of their clear, commercial and focussed advice is one of the main reasons I regard this as one of my most valuable professional relationships.

    Frank Wessely, Partner, Quantuma LLP
  • Harwood Hutton never seem to rest on their laurels. They are always seeking out new avenues and ways to improve their offering. A very forward-thinking company with staff who are always well briefed and who approach each task with drive.

    Karl Austen, MD, Surefoot Communications
  • We have engaged Harwood Hutton in several areas of structuring, including VAT issues, decoupling an SPV from a group structure and HMRC clearance for a transaction. The team have exceeded all expectations by being proactive, measured and very thorough.

    Adam Fawsitt, Director, FHT Limited
  • We moved to Harwood Hutton as they delivered a succinct and professional proposal. If anything, we have been more impressed post-move. They are a fantastic company to work with. They do truly differentiate. They have the skills and capabilities of a mega firm but with a personal service.

    Edward Finch, group MD, MRIB insurance brokers
Sign up to our Newsletter

newletter image

Newsletter sign up

Join our mailing list to receive important news and insights for business leaders and private individuals