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Proactively addressing clients’ UK and International tax planning and compliance needs
Demonstrating the value of risk management to investors regulators and administrators
Regulatory consulting – compliance with emerging regulation for continued pan-European investor marketing beyond 2013
Under standing and managing the US approach to combating offshore tax evasion
Investor demand – Increasing focus, especially from US and institutional investors. Increasingly the quality of tax information reported to investors can impact the relationships a Private Equity manager maintains with its clients (investors require more detailed information than historically).
Legislation – Company Law provides limited exemptions from the audit requirement for corporate entities. Limited Partnerships in the UK and Channel Islands typically have no statutory requirement, although this is subject to change in the UK.
Tax transparency – Private Equity structures are designed to be tax neutral for investors and can provide benefits for the Private Equity manager. These objectives often rely on the use of transparent vehicles but can require more detailed and complex reporting. An understanding of the structure and the objectives is required to deliver the benefits.
Regulation of investment manager – Fund, GP, manager, carry and investors all usually need to report income/gains annually. GFSC in Guernsey (120day filing), JFSC in Jersey (120 day filing), FSA in UK (80 business day filing of financials plus 4 month filing of client money and assets audit report).
Working with Private Equity manager’s finance team, legal counsel, deal teams, third and party administrators. Investment transaction reviews, capital call testing, distribution testing, reworking of carry calculations.
Valuation of investments, discuss performance of investments, review client’s calculation and work papers and challenge assumptions made.
Review of related party transactions, management fees and investment existence. Our tax teams work with our clients and administrators to ensure efficient information gathering and reliable processing arrangements.
Our out puts are clear, informative, user friendly and tailored to the recipient - be that HMRC, Private Equity management or investors.