Corporate Tax and VAT

Corporate Tax and VAT

We offer comprehensive corporate tax and VAT services, ensuring compliance with the latest HMRC regulations and optimising your tax position. Our expert team provides tailored solutions to navigate the complexities of the UK tax system, helping your business thrive.

Corporate Tax and VAT

Corporate Tax

Corporation Tax in the UK is charged on company profits. As of April 2025, the main rate is 25%, with a reduced rate of 19% for companies with profits up to £50,000. We assist businesses in managing their tax liabilities through strategic planning and timely compliance.

Corporate Tax and VAT

Making Tax Digital

Making Tax Digital (MTD) for VAT is a requirement for VAT-registered businesses with a taxable turnover above the VAT threshold. We help businesses comply with MTD for VAT, ensuring seamless digital submissions and efficient management of VAT obligations.

Corporate Tax and VAT

Research and Development

The UK offers Research and Development (R&D) tax relief to encourage innovation. Companies can claim tax credits or enhanced deductions for qualifying R&D activities. We guide businesses through the eligibility criteria and claim process, maximising potential benefits.

Corporate Tax and VAT

Patent Box

The Patent Box regime allows companies to apply a lower rate of Corporation Tax (10%) to profits earned from patented inventions. To benefit, companies must elect into the scheme and meet specific criteria. We assist in determining eligibility and optimising claims under this regime.

Corporate Tax and VAT

International Tax

International tax involves the taxation of cross-border activities. HMRC's International Tax Compliance Regulations update provisions related to the automatic exchange of financial account information. We provide guidance on compliance with international tax obligations and treaties.

Corporate Tax and VAT

Unincorporated Businesses

Unincorporated businesses, such as sole traders and partnerships, have distinct tax responsibilities. HMRC's guidance on unincorporated businesses outlines tax obligations and reliefs available. We offer tailored advice to ensure compliance and optimise tax positions for these entities.

Corporate Tax and VAT

VAT

Value Added Tax (VAT) is a consumption tax levied on goods and services. The latest regulations introduce changes to VAT reporting requirements. We provide comprehensive VAT services, including registration, compliance, and planning, to help businesses navigate the complexities of VAT.

Services

We Offer a Range of Services to Meet Your Needs

With extensive experience in academy trust audits, our team provides exceptional technical expertise, covering financial reporting, internal control reviews, VAT and tax implications, and compliance with DfE regulations. We offer valuable insights and proactive solutions to help academies meet their regulatory obligations while achieving long-term financial resilience.

Ecommerce Accounting

Ecommerce Accounting

At Reckoner Audit, we recognise the unique challenges faced by e-commerce businesses in managing financial data across multiple sales channels. We offer tailored integration and accounting services that connect your online stores with leading accounting platforms, streamlining your operations and ensuring accurate financial records.

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Audit & Assurance

Audit & Assurance

Ensure compliance and accuracy with independent audits, providing transparency and valuable insights for your business. Strengthen your company’s governance, aligning with best practices and fostering trust with stakeholders.

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Business Services

Business Services

We offer a comprehensive range of business services designed to ensure compliance, improve efficiency, and support growth. From managing your filings with Companies House to providing expert payroll and bookkeeping services, we tailor our offerings to meet the unique needs of your business.

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Individuals Taxation

Individuals Taxation

We offer expert support for individuals to manage their personal tax obligations in line with current HMRC regulations. Our services cover everything from self-assessment tax returns to managing capital gains, inheritance tax, foreign income, and compliance with Making Tax Digital (MTD) for self-employment and property taxes. We ensure accurate filing, maximise tax efficiency, and help resolve any issues that may arise with HMRC.

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