Trust & Corporate services providers

If you are a corporate services provider or trust company and you run UK structures then your clients could benefit from the tax and VAT advice we can provide.  If you are contemplating a new UK structure for a client or you wish to seek advice regarding an existing structure then RKG Consulting can help.  We have found from experience corporate service providers often have the following queries and issues:

  • What is the best UK ”holding” structure for assets and investments?
  • My client wishes to benefit from the “commercial credibility” of  trading internationally via a UK entity and also taking advantage of the UK’s low rate of corporate income tax relative to most other European jurisdictions.  What type of “trading” structure would best suit the client?
  • We hear that UK LLPs are being increasingly used for various purposes.  In what situations is it more beneficial to use a UK LLP than a normal UK limited company?
  • Can you assist in obtaining a “Certificate of Tax Residence in the UK” for our client’s UK company?
  • Our clients require a UK VAT registration on an urgent basis and cannot afford to wait the 4 to 6 weeks it normally takes.  Can you help to get it done quicker?
  • Our overseas clients require bank accounts in the UK on an urgent basis.  Can you help with introductions to UK banks?
  • Can you assist with the ongoing administration, accounting and tax returns in relation to our clients’ portfolio of UK properties?
  • Can you assist with raising mortgage loans to assist our clients’ purchase of UK properties?
  • Can you make introductions to UK sources of funding for private equity investments internationally?
  • Our clients are UK-resident but non-domiciled.  Can you provide them with tax advice and prepare their income tax returns?
  • Our clients are facing enquiries from UK’s tax authority, HMRC.  Can you assist in resolving the tax disputes?
  • Our overseas clients are seeking to acquire UK companies in certain sectors.  Can you assist in the identification, selection and acquisition of potential targets?
  • Our clients are looking to recruit senior personnel in the UK.  Can you assist in the recruitment process?
  • Our overseas clients are looking to set-up a financial services business in the UK.  Can you arrange registration and licensing by the UK Financial Services Authority?

The above list is only a small selection of queries we receive from overseas trust companies and corporate services providers on a regular basis.  If you have any such queries or other questions please do not hesitate to contact us.

  • Tax returns for non-UK resident companies

    If you are based outside the UK and you are managing offshore companies which own income-producing assets in the UK such as UK property, source of royalties, income from trading activities or even certain trust income then a tax return must be prepared and submitted to the UK tax authorities by 31 January of the year following the tax [...]

  • Trusts and trustee tax responsibilities

    The extent of a trustee’s responsibilities depends on the type of trust it is. For example, in a ‘discretionary trust’, a trustee is responsible for deciding when to make payments to beneficiaries as well as declaring and accounting for tax on trust investments. In a ‘bare trust’, the trustee may have few duties to perform. [...]

  • Offshore funds

    The key issues in deciding whether a fund is within the offshore funds provisions are the ‘character’ and ‘nature’ of the fund. First and foremost it has to be a ‘collective investment scheme’ (which term is defined in section 235 Financial Services and Markets Act 2000) and that the form of the arrangements is within one [...]

  • Accounting services for trustees & corporate service providers

    As a trustee or corporate services provider you might wish to outsource the following accounting & tax services in respect of your clients in the following situations: Offshore company owning UK property: preparation of lettings accounts and form SA700 tax return for a non-UK resident company and filing the same with HMRC. Individuals owning UK property: preparation of lettings accounts [...]

  • Pension scheme trustees: tax return filing

    As the trustee of a registered pension scheme you may need to fill in form SA970 Tax Return for trustees of registered pension schemes at the end of the tax year. You use the return to notify HM Revenue & Customs (HMRC) of how much tax the pension scheme owes or to declare how much [...]

  • UK LLPs

    Related Posts:EU reduced VAT ratesIndia outbound: Cyprus Holding companyIncome tax allowances, rates & bandsEU Corporate Income Tax ratesNational insurance rates & bands

  • Tax residence certificates

    If you already have a UK company but you require a Tax Residence Certificate (TRC) in order to claim relief under the tax treaty that the UK may have with your home country, then we could assist. In some circumstances HMRC, the UK tax authority, may refuse to issue a TRC if it believes that [...]

  • Offshore IP management

    Background and business opportunity The UK government has recently issued a discussion document on offshore IP management with possible UK tax implications in situations where the IP has been developed in the UK and later transferred offshore.  A 10% rate of corporation tax on the “Patent Box” has been proposed to encourage IP-types of business.  The [...]

  • Eurobond transaction structure

    A UK SPV may be used to carry out eurobond transactions such as those shown in the diagram below Related Posts:EU reduced VAT ratesUK LLPsIndia outbound: Cyprus Holding companyIndia inbound investment tax structureIncome tax allowances, rates & bands