United Kingdom

What would you find down the back of your sofa? 

Fluff, a button or two, the occasional pen and usually some change. Our teams are adept at ‘looking down the back of the sofa’ for businesses and finding cash.

cushions on a sofa
Some of our recent successes with UK businesses have been in:

 

 

  • Indirect Tax: Corporate tax rates may be decreasing but indirect tax rates are climbing, for many this means up to 30% of their turnover is managing VAT throughput. We focus on saving cash and boosting cash flows for all types of businesses.

 

  • Patent Box: It’s time to get ready for this regime which gives companies who hold patent interests the opportunity to reduce their UK tax burden to 10%.

 

  • Capital Allowances: We've recently assisted a restaurateur to identify an additional £400k of capital allowances which resulted in a cash tax saving of £105,000 and a cash repayment from HMRC.

 

Not bad for things found down the back of the sofa right? Let us help you identify hidden cash for your business.

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Contact

Tom McGinness

 

Tom McGinness

Partner, London, South East and Eastern Counties

KPMG in the UK

020 7694 5453
tom.mcginness@kpmg.co.uk