Taxation Services

    Wide-ranging taxation solutions offered across the UK.

    With expertise in tax planning, compliance, and advisory, CBM Accounting ensures clients navigate the intricacies of each jurisdiction seamlessly, optimising their financial positions.

    Taxes & Deductions

    Our team of seasoned professionals is dedicated to providing tailored solutions that meet the unique needs of each client. We stay abreast of the latest tax laws and regulations to ensure compliance and maximise benefits. CBM Accounting’s comprehensive approach includes strategic planning and proactive advice to help clients achieve their financial goals.

    Leveraging advanced technology and industry insights, we deliver efficient and effective tax services across multiple regions.

    United Kingdom tax Services

    At CBM Accounting, we simplify the complexities of the UK tax system for both individuals and businesses. Our expert team offers personalized tax planning, compliance, and advisory services to minimize your tax liabilities and ensure full compliance with HMRC regulations. From self-assessment tax returns to corporation tax and VAT, we’re here to support you every step of the way.

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    Personal Tax Services

    • Preparation and filing of annual Self-Assessment tax returns.
    • Calculation of tax liabilities and claiming eligible allowances.
    • Advice on tax-saving strategies.
    • Personalized tax planning to minimize tax liabilities.
    • Advice on income tax, capital gains tax, and inheritance tax.
    • Strategies for tax-efficient investments and savings.
    • Calculation of CGT on the sale of assets.
    • Advice on CGT reliefs and exemptions.
    • Planning for CGT liabilities.
    • IHT planning and advice.
    • Estate planning to minimize IHT liabilities.
    • Advice on IHT exemptions and reliefs.
    • Assistance with HMRC tax investigations.
    • Representation during HMRC inquiries.
    • Advice on responding to HMRC correspondence.
    • Specialized tax advice for non-domiciled individuals.
    • Advice on remittance basis and arising basis.
    • Planning for tax-efficient residency.
    • Preparation of rental income tax returns.
    • Advice on allowable expenses and deductions.
    • Planning for rental property tax liabilities.
    • Complex tax planning for high-income earners.
    • Advice on trusts and offshore investments.
    • Strategies for wealth preservation.
    • Tax planning for individuals moving to or from the UK.
    • Advice on tax implications of international income.
    • Compliance with UK tax regulations.

    Corporate Tax Services

    • Preparation and submission of accurate Corporation Tax returns.
    • Calculation of tax liabilities and claiming available reliefs.
    • Advice on tax-efficient strategies.
    • Advice on claiming capital allowances for plant and machinery.
    • Planning for capital expenditure and tax implications.
    • Optimization of capital allowance claims.
    • Development of transfer pricing policies and documentation.
    • Compliance with HMRC transfer pricing rules.
    • Minimization of transfer pricing risks.
    • Calculation of deferred tax liabilities and assets.
    • Accurate reporting of deferred tax in financial statements.
    • Adherence to accounting standards.
    • Identification and claiming of R&D tax credits.
    • Preparation of technical and financial documentation.
    • Maximizing R&D tax relief.
    • Advice on cross-border tax issues.
    • Planning for international business expansion.
    • Compliance with international tax regulations.
    • Proactive tax planning to minimize corporate tax liabilities.
    • Advice on tax-efficient business structures and transactions.
    • Strategies for utilizing tax losses and reliefs.
    • Ensuring compliance with all UK corporate tax regulations.
    • Preparation of tax-related reports and documentation.
    • Monitoring changes in tax legislation.
    • Tax due diligence for M&A transactions.
    • Advice on tax-efficient deal structuring.
    • Post-acquisition tax planning.
    • Representation during HMRC tax investigations.
    • Assistance with tax disputes and appeals.
    • Negotiation with HMRC.

    Comprehensive  VAT Services

    • Assistance with VAT registration and deregistration processes.
    • Advice on VAT thresholds and voluntary registration.
    • Accurate preparation and timely submission of VAT returns.
    • Calculation of VAT liabilities and reclaiming eligible input VAT.
    • Compliance with HMRC VAT regulations.
    • Strategic VAT planning to optimize cash flow.
    • Advice on VAT schemes and reliefs.
    • Guidance on complex VAT transactions.
    • Flat Rate Scheme: Guidance and implementation for eligible businesses.
    • Marginal VAT Scheme: Assistance with calculations and compliance for eligible businesses.
    • Cash Accounting Scheme: Advice on eligibility and implementation for cash-based businesses.
    • Annual Accounting Scheme: Support for businesses using annual VAT accounting.
    • Retail Schemes: Tailored advice for retail businesses regarding VAT.
    • Ensuring compliance with VAT legislation and regulations.
    • Assistance with HMRC VAT inspections and audits.
    • Implementation of VAT control procedures.
    • Representation during VAT disputes with HMRC.
    • Assistance with VAT appeals and tribunals.
    • Negotiation with HMRC.
    • Provision of VAT training for staff.
    • Ongoing VAT support and advice.
    • Updates on changes in VAT legislation.
    • Advice on VAT implications of international transactions.
    • Compliance with EU and international VAT rules.
    • Guidance on import and export VAT.
    • Specialized VAT advice for specific industries (e.g., construction, retail, hospitality).
    • Guidance on industry-specific VAT schemes.
    • Advice on maintaining accurate VAT records.
    • Implementation of VAT record-keeping systems.

    Employment Tax  Services (PAYE)

    • Registration with HMRC for PAYE.
    • Setting up and managing payroll systems.
    • Ensuring compliance with PAYE regulations.
    • Accurate calculation of employee wages and deductions.
    • Preparation and submission of Real Time Information (RTI) reports.
    • Generation of payslips and P60s.
    • Accurate calculation and deduction of employee and employer NI contributions.
    • Compliance with NI contribution regulations.
    • Reporting of employee expenses and benefits.
    • Preparation and submission of P11D forms.
    • Advice on tax implications of employee benefits.
    • Guidance on employment status (employee vs. self-employed).
    • IR35 compliance advice.
    • Minimizing employment status risks.
    • Advice on tax implications of termination payments.
    • Calculation of tax and NI on redundancy payments.
    • Compliance with HMRC regulations.
    • Liaison with HMRC on PAYE matters.
    • Assistance with HMRC inquiries and investigations.
    • Ensuring compliance with changing PAYE legislation.
    • CIS registration and compliance.
    • Verification of subcontractor status.
    • Preparation and submission of CIS returns.
    • Advice on tax implications of employee share schemes.
    • Compliance with share scheme regulations.
    • Management of share scheme reporting.
    • Internal payroll audits to ensure compliance.
    • Identification of payroll errors and discrepancies.
    • Implementation of corrective measures.

    Construction Industry  Scheme (CIS)

    • Assistance with registering as a contractor or subcontractor.
    • Verification of subcontractor status with HMRC.
    • Preparation and submission of monthly CIS returns.
    • Ensuring compliance with CIS regulations and deadlines.
    • Advice on correct deductions and reporting.
    • Accurate calculation and recording of CIS deductions.
    • Issuance of payment and deduction statements.
    • Management of CIS payment records.
    • Guidance on CIS tax implications for contractors and subcontractors.
    • Advice on allowable expenses and deductions.
    • Strategies for minimizing CIS tax liabilities.
    • Representation during HMRC CIS inquiries and investigations.
    • Assistance with CIS disputes and appeals.
    • Negotiation with HMRC.
    • Ensuring seamless integration of CIS deductions with payroll systems.
    • Compliance with both CIS and PAYE regulations.
    • Guidance on the interaction between CIS and VAT.
    • Advice on VAT implications for construction businesses.

    Non-Regular  Tax Services

    • Calculating CGT liabilities on asset disposals.
    • Advising on CGT reliefs and exemptions.
    • Planning for CGT implications of transactions.
    • Assistance with CGT reporting.
    • Estate planning to minimize IHT liabilities.
    • Advice on IHT exemptions and reliefs.
    • Assistance with IHT calculations and reporting.
    • Guidance on SDLT liabilities for property transactions.
    • Advice on SDLT reliefs and exemptions.
    • Assistance with SDLT calculations.
    • Specialized tax advice for non-domiciled individuals.
    • Guidance on the remittance and arising basis of taxation.
    • Planning for tax-efficient residency.
    • Guidance regarding tax implications of large one off payments.
    • Advice regarding taxes on winning from gambling, or competitions.
    • Beyond SDLT, advice regarding tax implications of selling property that is not a primary residence
    • Assistance with HMRC inquiries and investigations related to non-regular tax matters.
    • Representation during HMRC audits.
    • Advice on responding to HMRC correspondence.

    Maximize your savings and ensure compliance with CBM Accounting’s expert tax services tailored for businesses and individuals in the UK.