Services

Tax Compliance & Advisory for Financial Services professionals

Who we can help

We offer expertise to support financial services professionals including bankers, hedge fund and asset managers, private equity and venture capital, and investment funds.

Our specialist Financial Services tax team work with individuals across the financial services sector to ensure that their tax returns and compliance are handled in a timely and efficient manner. Our team understands the specific sources of income, and the complexities that come with this. We ensure that we ask the right questions to complete your tax return with the minimum amount of hassle, whilst complying with HMRC rules and disclosure requirements.

We can assist with the whole tax return process; from registration to submission, minimising your tax exposure at every opportunity, through understanding your personal circumstances, needs and goals. We are highly experienced at dealing with the challenges you will face, including:

Dealing with HMRC

HMRC has introduced highly complex tax rules in recent years, many of which are specific to the financial services sector. This has lead to much more scrutiny from HMRC and on the tax affairs of individuals working in this sector. Our specialist team understands these rules, meaning they can help at every stage to proactively put you in the best position with HMRC.

Investment income

Individuals in the financial services sector are likely to have complex personal arrangements. We are highly experienced in the treatment of investments in offshore funds, financial derivatives and instruments and overseas securities. We can advise on the treatment of investments and reporting to ensure your tax affairs are optimised for your personal situation and reported correctly to HMRC.

Bonuses

It is common to receive part of your compensation as a bonus or share awards. Often these can be deferred and vest over a number of years. It is important to consider when these will be taxed and the impact they will have on your liability at the time they are awarded and vest.

Carried Interest

The taxation of Carried Interest can be very complex. Our team is highly experience in advising and reporting carried interest to ensure it is taxed correctly and the risk of an HMRC enquiry is minimised.

Income - Partnerships & LLP

It is common for investment managers to be structured as partnership. These are transparent for tax purposes and can create complexities in the timing of tax payments and reporting obligations.

Our specialist team understands these rules so can help at every stage to proactively put you in the best position with HMRC.

  • Advising on the treatment of your remuneration and investments to ensure they are complying with HMRC rules and work for your personal tax situation
  • Completing your tax return to ensure that everything is disclosed correctly and minimises the risk of HMRC enquiries
  • In the event of an HMRC enquiry, dealing with HMRC on your behalf to ensure the enquiry is dealt with as smoothly as possible. Our experienced team is used to dealing with HMRC on these types of enquiries, allowing you to focus on other matters whilst demonstrating to HMRC that you are taking your tax obligations seriously and stopping HMRC going down a rabbit hole or using the enquiry for a fishing expedition.

As part of our services we also offer Tax Investigation Fee Protection, meaning that if there is an enquiry the costs to you are minimised.