Taxation Services in the UK
Managing taxes in the United Kingdom requires a deep understanding of its complex and evolving tax framework. At Fortuna Pro Consultants, we provide professional taxation services tailored to meet the unique needs of businesses and individuals across the UK. With over a decade of experience, we help our clients achieve compliance, reduce liabilities, and streamline their financial operations, allowing them to focus on growth and success.
Why Choose Taxation Services in the UK?
The UK’s tax system includes various obligations ranging from corporate taxes and VAT to income taxes and National Insurance Contributions (NICs). Our taxation services are essential for:
- Ensuring compliance with HM Revenue & Customs (HMRC) regulations.
- Avoiding penalties, fines, and interest due to late filings or errors.
- Optimizing tax liabilities with strategic planning and advisory.
- Gaining clarity and control over your financial matters.
Our Taxation Services in the UK
1. Corporate Tax Services
We provide expert corporate tax management to ensure your business meets all statutory requirements. Our services include:
- Preparation and filing of corporate tax returns.
- Advisory on allowable deductions, credits, and reliefs to minimize liabilities.
- Calculation and submission of quarterly advance tax payments.
- Assistance with statutory accounts and compliance with UK tax rates, currently set at 19% (main rate).
2. Value Added Tax (VAT) Services
VAT compliance is crucial for businesses operating in the UK. We help you manage:
- VAT registration and deregistration.
- Preparation and filing of VAT returns.
- Advisory on VAT rates, exemptions, and reverse charge mechanisms.
- Assistance with VAT reclaims and audits.
3. Personal Income Tax Services
For individuals, managing income tax obligations can be challenging. We offer:
- Preparation and filing of self-assessment tax returns.
- Advisory on tax rates and allowances, such as personal allowances and higher-rate thresholds.
- Guidance on rental income, capital gains, and dividend taxation.
- Support for expatriates and non-residents in managing UK tax obligations.
4. Payroll Tax and National Insurance Contributions (NICs)
We ensure accurate payroll tax compliance for businesses employing staff in the UK:
- Calculation and submission of NICs for employees and employers.
- PAYE scheme management and filing with HMRC.
- Advisory on benefits-in-kind and their tax implications.
- Preparation of P11D and end-of-year payroll submissions.
5. Tax Planning and Advisory
Strategic tax planning is vital to reducing liabilities and achieving financial efficiency. Our advisory services include:
- Identifying tax-saving opportunities through deductions, reliefs, and allowances.
- Advisory on business structures for tax efficiency.
- Assistance with succession planning and inheritance tax optimization.
- Guidance on international taxation and double taxation treaties.
6. Capital Gains Tax (CGT) Advisory
We assist individuals and businesses with CGT compliance and planning:
- Calculation of CGT on property, shares, and other assets.
- Advisory on exemptions such as Private Residence Relief and Entrepreneurs’ Relief.
- Planning to minimize CGT liabilities through strategic asset management.
7. International Tax Services
For businesses and individuals with cross-border operations, we provide:
- Advisory on the UK’s double taxation treaties.
- Guidance on transfer pricing documentation and compliance.
- Managing tax obligations for foreign branches and subsidiaries in the UK.
- Non-resident landlord tax compliance.
8. Tax Investigation and Dispute Resolution
In the event of a tax inquiry or dispute, our team provides expert support:
- Representation during HMRC investigations and audits.
- Resolving disputes through negotiation and settlement.
Advisory on appeals and tribunal processes if required.
Why Choose Us for Taxation Services in the UK?
Our taxation services cater to a wide range of industries in Portugal, including:
1. Expertise in UK Tax Regulations
With over a decade of experience, our team has extensive knowledge of UK tax laws and HMRC processes, ensuring your compliance and peace of mind.
2. Tailored Solutions
We customize our services to align with your specific needs, whether you are an individual, SME, or multinational corporation.
3. Technology-Driven Approach
Using advanced tax software, we streamline your tax processes, reduce errors, and ensure timely submissions.
4. Multilingual Support
We provide services in English and other major languages, making us a preferred choice for expatriates and international clients.
5. Transparent Pricing
Our clear and competitive pricing ensures you receive excellent value without hidden fees.
Overview of the UK Tax System
Corporate Tax: The main rate for corporations is 19%, with reductions for small businesses and R&D incentives.
VAT: Standard VAT rate is 20%, with reduced rates of 5% for specific goods and services.
Personal Income Tax: Progressive rates ranging from 20% to 45%, based on income thresholds.
Capital Gains Tax: Rates vary between 10% and 28%, depending on asset type and income level.
Inheritance Tax: Charged at 40% on estates above the nil-rate band, with reliefs available.
Our Process
- Initial Consultation: Understand your tax needs and challenges.
- Customized Tax Strategy: Develop a tailored plan to optimize tax efficiency.
- Implementation: Handle compliance, filings, and reporting.
- Ongoing Support: Provide continuous advisory and assistance with all tax-related matters.