Expert UK tax planning, preparation, and compliance structured to minimise your liability
while keeping you fully onside with HMRC.
Taxation is one of the most significant financial obligations faced by any UK business and yet it is also one of the areas where the gap between well-advised businesses and poorly-advised ones is most stark. The UK tax code is vast, complex, and in a constant state of evolution. Business owners who rely on a reactive approach simply paying whatever bill arrives from HMRC at year end almost invariably overpay. Those who work with proactive tax advisors who understand their business structure, cash flows, and growth plans can legally and legitimately reduce their tax burden year after year.
At ABS Consultings, our tax management philosophy is fundamentally proactive. We don’t wait until after the financial year ends to think about tax. We plan continuously advising on decisions before you make them, not commiserating after you’ve missed an opportunity.
Corporation tax is the primary tax liability for UK limited companies. The main rate is currently 25% for companies with profits above £250,000, with a small profits rate of 19% for companies with profits below £50,000 and marginal relief for those in between. Navigating these rates correctly and applying all available reliefs requires careful calculation and timely planning.
Our corporation tax service includes accurate CT600 preparation and submission, identification and claim of all relevant capital allowances (including the Annual Investment Allowance and super-deduction legacy claims), research and development (R&D) tax credit claims, loss relief planning, group relief optimisation for multi-company structures, and proactive advice on the timing of major expenditures to maximise tax efficiency.
For company directors, sole traders, partners, and high earners, self-assessment tax returns are an annual obligation but also an annual opportunity. Our personal tax service covers income tax and National Insurance calculations for all income streams (employment income, dividends, rental income, capital gains, foreign income), the preparation and filing of SA100 returns and relevant supplementary pages, advice on salary-dividend mix for directors, pension contribution timing for tax relief, capital gains tax planning for investment disposals, and inheritance tax considerations for business owners.
VAT is often where businesses make their most costly tax errors. Mis-categorised supplies, incorrect partial exemption calculations, errors in the VAT treatment of international transactions, and misunderstood reverse charge rules can all result in significant assessments from HMRC often with interest and penalties applied.
Our VAT service covers VAT registration advice (including the threshold, when voluntary registration benefits you, and the implications of deregistering), VAT scheme selection and review, quarterly VAT return preparation and MTD-compliant submission, VAT health checks for businesses with complex supplies, partial exemption calculations, and support with HMRC VAT enquiries.
Research and Development tax relief is one of the most generous tax incentives available to UK businesses and one of the most consistently underutilised. Many businesses that are carrying out qualifying R&D activities simply do not realise it. The qualifying criteria are broader than most business owners assume, encompassing technology development, process innovation, software engineering, product design, and scientific research.
ABS Consultings has a specialist R&D tax team that identifies qualifying activity, quantifies the relevant expenditure, prepares the technical and financial documentation required for a compliant claim, and manages the HMRC review process. Our clients have recovered significant amounts through R&D claims funds that have been reinvested directly into product development and team growth.
HMRC conducts both random and targeted tax enquiries across all business types. Receiving an enquiry notice is unsettling, but with experienced advisors on your side the process can be managed calmly and efficiently. ABS Consultings represents clients throughout HMRC enquiry processes handling all correspondence, preparing responses to information notices, attending interviews where required, and negotiating settlements. We recommend that all clients hold tax investigation fee protection insurance as part of their annual engagement with us.
Tax Planning is Year-Round
The most effective tax management starts months before your year end not after it. ABS Consultings proactively reviews your tax position each quarter and flags planning opportunities so you can act while there is still time to make a difference.
Corporation Tax: 19%–25%
VAT Standard Rate: 20%
Personal Allowance: £12,570
Capital Gains Annual Exempt: £3,000
ABS Consultings takes a proactive, year-round approach to UK tax management. Let us find the reliefs you’re missing.