Our Tax Strategy
This document sets out the tax policy for ABS Accountancy Ltd and its undertakings.
We act with integrity in all tax matters, as responsible taxpayers. We are committed to full compliance with all tax obligations, and full disclosure to tax authorities as required by law
Scope
- Upholding professional standards
- Being transparent and fair
- Fostering a culture of collaboration and
- Valuing the longer-term consequences of our decisions.
Income Tax
Corporation Tax
PAYE
NIC
VAT
Customs Duty
Import VAT
Stamp Duty Land Tax
Dealing with tax authorities
We engage openly and constructively with HM Revenue & Customs (HMRC) regarding our tax affairs. We provide information about our commercial developments or transactions, particularly when they involve complex tax treatments. When necessary, we seek formal or informal clearance from HMRC on uncertain tax positions related to our tax matters.
Our Assurance and Advisory service includes:
Preparation of annual accounting statements
iXBRL (inline eXtensible Business Reporting Language) tagging
Preparation of annual corporate tax returns
Advice on accounting compliance such as IFRS, GAAP
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Our tax strategy is compliant with the requirements of para 16(2) and 25(1) of Schedule 19, Finance Act 2016 and relates to our 31 January 2024 year-end.
References to ‘UK Taxation’ pertain to the taxes and duties outlined in paragraph 15(1) of the Schedule, which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax. References to ‘tax’, ‘taxes’, or ‘taxation’ refer to UK taxation as well as all corresponding worldwide taxes and similar duties for which ABS Accountancy has legal responsibilities.
