Having accumulated deep and diverse commercial experience, we can provide expert advice on managing once-off events and transactions efficiently, while also providing long-term corporate tax strategies to maximise business value.
Corporate tax planning comes in many forms. Our philosophy is to understand each client’s business with a view to providing tax solutions that are practical and relevant. Some examples may include:
Over the years we have developed a strong network of international tax advisers whom we liaise with on international corporate tax matters such as transfer pricing arrangements, , double taxation treaty issues and how to structure cross border trading and financing arrangements.
Mergers and reorganisations can result in significant capital gains tax, corporation tax, stamp duty, VAT and capital acquisitions tax charges. We fully acknowledge that while tax is not the driving force of such deals, given the potential exposure, the tax analysis often forms an integral part of the process. We advise on the tax implications associated with these structures and ensure all relevant tax reliefs are available while ensuring that the commercial outcome desired by the client is brought about. We also work closely with the appointed legal team to ensure the commercial and structuring objectives are appropriately drafted. In advance of the transaction, we can also carry out vendor or buyer tax diligence reviews of the target company or group. The areas that we, in Purcell McQuillan, can assist in include the following:
We provide our clients with a comprehensive Value Added Tax (VAT) advisory service. We advise on the VAT implications of specific transactions, including inter alia financial transactions, VAT on property, international transactions and services.
We have considerable experience in assisting clients prior to and during VAT audits, and in any subsequent negotiations with the Revenue. We also conduct reviews of clients’ VAT affairs to identify any opportunities to reduce ongoing VAT costs and to identify potential VAT liabilities.
We also provide a VAT compliance service including the preparation and submission of VAT returns and can arrange VAT registration for clients both in Ireland and abroad, as necessary.
A highly skilled workforce, a stable business environment and a long-term commitment to a 12.5% corporation tax rate has helped Ireland become a key strategic location for foreign direct investment. We advise companies and individuals on the tax issues associated with their investment in or relocation to Ireland. This covers a broad range of areas which may include:
Our compliance team provide a professional and personalised service specific to your business needs. We work to identify opportunities within the business which can promote improved decision making and to add value by reducing the administrative burden of preparing accounts and filing returns with Revenue and the Companies Registration Office. This in turn allows our clients to focus their time on growing their business.
The services we offer include:
Trading through a company has many benefits for business owners. However, one of the downsides is the increased tax compliance obligations. Companies can have filing obligations under multiple tax heads such as:
The filing of timely and accurate tax returns with the Irish Revenue Commissioners is key to efficiently running a company. From, single entity companies to large corporate groups, we apply a thorough approach to our clients’ corporate tax compliance responsibilities ensuring true and full returns are completed and all items requiring disclosure are accurately represented. Ultimately our approach gives piece of mind to the board of directors on their compliance obligations and helps reduce the likelihood of Revenue interventions.
We recognise the diversity of taxation advice required by businesses and have the expertise to provide the comprehensive range of advice needed. Through developing and maintaining a sound relationship with business owners, we anticipate their taxation needs and develop solutions directly relevant to their situation.
Examples of our services in this area include: