We specialise in multi-national companies’ group tax planning, controlling and negotiating with the Inland Revenue. We can provide amongst other, the following services either independently or onsite under your organisation’s banner.
Spiralling Professional Costs?
Take the positive step of outsourcing your Group tax planning / compliance management
Through our extensive experience Numerica Plc can provide a complete and cost-effective solution to Multinationals Group Tax Planning and compliance needs.
Our primary focus is to work in close partnership with you to deliver the tax treatment which will achieve the most beneficial outcome for your business. By operating independently of your auditors we can provide a consistency and continuity to match your requirements and adapt our services appropriately. If preferred we can operate onsite working as an integral part of your business, whilst still being able to draw on our specialist to handle matters such as Tax Planning for Groups of Companies.
Our experience has enabled us to have develop efficient methodologies for mitigating Group’s Tax as well as effective delivery systems for meeting critical reporting timetables for the Inland Revenue’s requirement.
Global Tax Outsourcing
Increasing internationalisation of business means that many large companies are seeking to extend their reach as far as possible, while controlling costs, head count and efficiency.
Tax departments may find their compliance responsibilities extended without adequate resourcing. A further issue is that head office wants central visibility but the tax return remains the responsibility of the domestic business.
Optimise Group Relief & Minimise Group Tax Liability
For many groups planning their tax affairs, to make optimum use of Group Relief, is complex and time consuming. Amongst other problems, there may be:
* a large number of companies.
* companies with non-coterminous periods.
* potential surrenders of Advance Corporation Tax (ACT).
* interaction with shadow ACT & Surplus ACT brought forward.
* the need to maximise the tax impact by preserving Double Tax Relief (DTR).
In addition, the Inland Revenue’s prescribed form in which a company should make a claim to Group Relief demands considerable time and effort of human resources within the organisation.
Numerica Plc has developed an automated computerised system to eliminate human errors.