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Tax returns and compliancemike2021-06-06T13:20:36+00:00

Tax returns and compliance

Free up your time and worries

The preparation of tax returns, of whatever nature, can be time-consuming, and can be complex, particularly if they involve cross-jurisdiction interaction.

HMRC has radically changed how tax is calculated for non-residents on property income and gains from UK land. Non-residents are now required to file non-resident capital gains tax returns if they make direct or indirect disposals of all types of UK land and interest in UK property-rich entities. This means that non-resident landlord companies are required to file UK corporation tax returns (instead of UK income tax returns).

Filing tax returns is often at the bottom of everyone’s ‘to do list’ but in recent years both HMRC and the Isle of Man Income Tax Division have increased their respective abilities to penalise incorrect tax returns (even through innocent mistakes).

Hotchkiss Tax can help you by completing and submitting your returns for you, on-time, and can handle any queries from the relevant authorities on your behalf.

Isle of Man returns
  • Individual income tax returns
  • Company income tax returns
  • Trust returns
  • Employee and employer returns
  • Other matters
    • Tax registration
    • Special treatment of key employees
UK returns

Hotchkiss Tax cover all types of UK and Isle of Man tax returns including completion of the following returns:

  • UK self-assessment returns
  • Trust and estate returns
  • Inheritance tax returns
  • Corporation tax returns
    • Branch profits
    • Income from land and property
  • Other matters
    • Relevant income and ‘stockpiled gains’ pool calculations
    • Trust 10-year and exit charges
    • ATED returns
    • Non-Resident capital gains tax returns
    • Treaty claims
Contact us for a confidential discussion

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