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Business taxes & tax investigation.

Whether you’re a family run business or multi-national group, ever-changing legislation and a global crackdown on tax avoidance means it’s important to understand the tax implications of any commercial decisions you make.

PEM’s business tax team draws on the experience of 60 professionals who will consider relevant taxes in the context of your commercial objectives to help you make the most of all available tax reliefs and maximise savings.

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Business tax services

Capital allowances

Most businesses are aware that tax relief is available on some capital expenditure through capital allowances but this can be a complex area. The good news is that there is potential for significant tax savings if allowances can be maximised. It is worthwhile obtaining professional advice for large capital expenditure projects. In particular if you are building or refurbishing business premises then a detailed review will certainly be of benefit.

Creative Industries Tax Relief

Creative Industries Tax Reliefs are a suite of eight tax reliefs introduced by the government to assist UK companies involved in the arts, with additional tax breaks either through enhanced deductions of qualifying costs, or, in some circumstances a cash credit from HMRC. The relief works similarly to reliefs available to companies undertaking qualifying research and development activities.

Employee share incentives

Many companies consider providing shares or share options to key employees to help achieve corporate goals – such as profit growth; a sale of the business or even a flotation of the company’s shares on the stock market. When cash is tight, the use of share incentives can form a crucial part of an employee’s remuneration package and may be used to help recruit, retain and motivate key employees.

International business tax

Whether you’re expanding into new markets, planning to acquire an overseas business or looking to establish a new business in the UK, you need a team who can confidently manage your corporate liabilities across multiple jurisdictions. We provide advice on all aspects of international business tax including establishing and structuring an overseas presence, profit extraction, cross border transactions, transfer pricing and reporting requirements under both UK and foreign tax legislation.

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Patent box

If your company has invented a revolutionary product or process you may want to apply for a patent to protect others from exploiting your invention without permission. Once granted, the patent, for a limited period of time, prevents the use or sale of the patented invention without your permission. As such, your company can exploit your innovation through sales or licencing arrangements of the specified product. In addition to this any income that your company generates from a patented product is subject to a reduced rate of corporation tax (10%). The rules in this area are complex and subject to various conditions. We can assist with the preparation of patent box claims to maximise the income that would be subject to the lower tax rate.

Research & Development

Research & Development (R&D) Tax Relief is a valuable relief which allows eligible companies to receive additional tax breaks either by reducing corporation tax or in the form of cash tax credits paid directly into your bank account.

Tax compliance

We help businesses manage all compliance requirements including preparing corporation tax returns, reviewing tax provisions, interim reporting and advising on tax liabilities and due dates for corporation tax, claims and resolving any issues with HMRC or overseas tax authorities.

Transactional tax

Whether you are looking to acquire, dispose or simply restructure your existing business, there will be inevitable tax implications to consider. An understanding of these tax consequences together with your wider commercial objectives, and risk profile, will assist in your decision making process.

Our Business Tax adivsers

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"PEM have helped Applaud structure our international legal entities in the most efficient way, whilst simultaneously strengthening governance and leveraging tax incentives such as R&D credits. The service we received from Anil & Rachel was excellent: attentive, reliable, prompt and thorough. They’re an asset to PEM."

Duncan - Business Tax Client

"Anil and his team at PEM have been invaluable to us and are in harmony with our requests and style of work. Always informative and accurate, PEM have great strength in their team ethics and knowledge sharing with experts in the various field of accountancy that we need. A friend recommended PEM I followed his advice and I would defiantly personally recommend PEM to any business without hesitation."

Bruce - Business Tax Client