The global tax landscape is ever-changing and continues to shape and define the financial services sector.
Global initiatives, such as the Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), and Base Erosion and Profit Shifting (BEPS), are having significant impact on both operational requirements and decision-making processes in financial service firms.
We'll support you with the tax impacts through our UK team and international network of tax advisers.
Our industry experience combined with our deep technical knowledge brings a more commercial approach to your tax management.
Optimise your tax position, manage tax risk, and meet tax compliance obligations; from tax structuring considerations to operational tax issues.
Local knowledge combined with our global network ensures you're at the forefront of tax changes wherever your people are.
Our multidisciplinary financial services and funds tax team will guide and support you to stay ahead of the changing regulatory and tax landscape.
We work with you to provide tailored, pragmatic solutions that meet your financial and business needs.
Our deep expertise spans insurance, banking, investment management and capital markets, and is supported by a global network of tax professionals.
You'll have senior people assigned to your case and access to a full range of services.
We support fund managers on all key milestones: initial structuring of the investment management vehicle and the funds it manages; advising on carried interest and management incentive arrangements; deal structuring, and due diligence. We also support fund managers meeting their tax compliance obligations with respect to a range of investment vehicles.
We provide investor reporting services to funds across a range of jurisdictions including UK, US, Switzerland, Austria, Belgium and Italy. We also provide a range of tax compliance services, managing UK and overseas tax obligations, as well as tax agency services in India and Taiwan and overseas capital gains tax.
We advise banks and capital markets on their tax compliance obligations and provide advice on tax governance matters such as senior accounting officer (SAO) and corporate criminal offence (CCO), as well as employment and indirect taxes.
We work with a range of insurance providers – life and non-life insurers, brokers, Lloyds, and friendly societies – from large FTSE 100 and multinationals to smaller intermediaries and mutual providers. We’re experienced in tax advisory, compliance, and transactions.
We support financial institutions with a range of reporting requirements, covering Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), UK Bank and Building Society (BBSI), Other Interest returns, and Individual Savings Accounts (ISA) reporting.
We also support financial institutions that are Qualified Intermediaries (QIs) with the reporting, withholding and reporting obligations required by the IRS. In addition, we assist investors and financial institutions with assessing withholding tax incurred and, where applicable, reclaiming excess withholding taxes suffered on investment income under domestic, tax treaty and EU case law.
We leverage our significant expertise to support your business with navigating complex global tax regulations and reporting needs in particular the impact of Pillar 2 and BEPS. From optimising cross-border tax structures to ensuring compliance with local and international requirements, we offer tailored strategies that minimise risk and maximise tax efficiency.
We bring deep expertise not only in understanding the requirements for supporting research and development (R&D) claim documentation but also in crafting comprehensive R&D reports and conducting detailed analysis.
Navigating the complexities of VAT regulations is crucial for financial services businesses. We offer guidance on partial exemption methods, helping you maximise VAT recovery and comply with all relevant regulations.
You need to build effective and up-to-date transfer pricing policies for a fast-moving world. We provide you with practical guidance, transfer pricing benchmarking and compilation of all necessary transfer pricing files (both local file and global file).
We help you maximise the value of your employees and realise your strategic ambitions through practical advice on employment-related securities, equity reward planning and long-term incentive plans (LTIPs), employee and corporate pension tax planning, and private equity carried interest structuring and advice.
Whether HMRC has launched a tax investigation, or you are trying to correct errors, you must deal with HMRC correctly. Mishandling can be costly and result in exposure to tax, interest and penalties. We support financial institutions manage their relationships with HMRC with respect to enquiries and investigations.
The priority HMRC places on tax risk management frameworks, in particular for financial institutions, the call for greater global tax transparency, the rising focus on ESG and explaining tax governance to third parties all make it essential to fully consider your tax risk approach. We work with you to develop effective tax risk management strategies that can evolve as your business and legislative requirements change.
