Taxation and Compliance

Tax compliance
The objective of Crossleys’ Tax Compliance Team is to assist clients in meeting their legal and statutory obligations to complete returns, registrations and notifications accurately, and on time, in order to minimise the risk of incurring penalties and interest charges.

Crossleys provides a full tax compliance service for its local and overseas clientele, including:

  • the preparation and submission of individual, corporate and trust tax returns
  • the agreement of tax assessments
  • payroll and benefit-in-kind statutory returns
  • VAT return preparation and submission
  • VAT registration and de-registration

Tax Investigations
Crossleys also assists with client tax enquiries and investigations. In the main, such work is normally undertaken for Isle of Man and UK clients, but such a service can be offered in respect of other jurisdictions in conjunction with suitably qualified professionals.

Tax advice and mitigation
Individuals and businesses alike face a challenging environment when it comes to tax. Laws and regulations are always changing and ensuring that the correct strategies and arrangements are in place is key in relieving the tax burden to the fullest extent possible. Crossleys are here to help, by way of offering a bespoke solution, seeking advice from tax counsel or working with other professionals on a team basis.

International
Crossleys has, for many years, worked with professionals worldwide to provide clients with the advice they need; whether it be for their business or family.

The world is becoming an ever-smaller place and with automatic tax reporting increasing through the likes of:

  • The OECD’s Common Reporting Standard (“CRS”)
  • The US, Financial Accounts Tax Compliance Act (“FATCA”)
  • payroll and benefit-in-kind statutory returns
  • EU Directives on anti-avoidance, e.g. DAC 6 on cross-border transactions

and penalties for non-compliance similarly so, it is therefore important to keep on top of the evolving nature of tax law and compliance procedures.

Crossleys and our colleagues within UHY International are here to assist you.