US-UK Corridor Services

Expanding your business into the UK comes with unique tax challenges, including the complexities of VAT, UK corporate taxes, and transfer pricing rules. Our team of experts provides seamless solutions to ensure your business remains compliant and tax-efficient.

• UK Corporate Tax Compliance: We assist US companies in navigating the UK’s corporate tax requirements, ensuring timely filing and optimal use of available tax incentives such as capital allowances and R&D credits.
• VAT Compliance and Advisory: As VAT (Value Added Tax) is a major component of UK tax law, we help US businesses comply with VAT regulations, ensuring accurate filings and minimizing exposure to penalties.
• Transfer Pricing: We support US companies in structuring intercompany transactions in compliance with IRS and HMRC regulations, preparing transfer pricing documentation that meets cross-border requirements and ensures tax efficiency.
• Double Taxation Relief: We provide extensive consultations and guidance on the choice of entity to conduct business in the UK, including determining permanent establishment tax exposure. By leveraging the US-UK Tax Treaty, we help minimize the impact of double taxation, ensuring that income earned in the UK is not excessively taxed by both jurisdictions.
• Tax Audit Support: In the event of an audit by tax authorities in the US or UK, our experts are equipped to represent and support your business through the entire process, ensuring compliance and minimizing potential risks.
• Tax Due Diligence: Our tax team is fully equipped to conduct tax due diligence for mergers and acquisitions in the UK. A deep understanding of the tax laws of the US and UK provides us an opportunity to advise on the impact of loss carry-forward rules, debt-equity structuring, and holding company structures.

UK companies expanding into the US must manage federal and state tax obligations while optimizing their cross-border tax strategy. We provide bespoke solutions that help UK businesses succeed in the competitive US market.

• US Corporate Tax Compliance: We provide full support with US federal and state tax filings, ensuring that UK companies remain compliant while minimizing tax liabilities. This includes assistance with state income tax, franchise tax, and payroll tax obligations.
• SALT (State and Local Tax): With each US state having its own tax regulations, our team helps UK businesses navigate state-specific tax requirements, including sales tax and nexus rules.
• Transfer Pricing for Cross-Border Transactions: We ensure that your intercompany pricing arrangements between the US and UK comply with both IRS and HMRC guidelines, mitigating the risk of audits and penalties.
• US-UK Tax Treaty Utilization: We help UK businesses optimize their tax strategy by leveraging treaty benefits, including reduced withholding tax rates on dividends, interest, and royalties between the US and the UK.
• Location Advisory: Selecting the right location for US expansion is key to success. We assist UK businesses in finding locations with favorable tax incentives, regulatory environments, and access to target markets, providing strategic guidance for sustainable growth.

Financial Statement Audits (UK FRS 102 and US GAAP): Our audits ensure your financial statements can comply with both US GAAP and UK FRS, enabling you to meet local reporting standards in the US and the UK. We also provide guidance on transitioning between accounting frameworks as your business grows.

Internal Control Audits: We assess your internal controls to ensure compliance with UK corporate governance requirements, such as those under the UK Companies Act, while also aligning with US standards (e.g., Sarbanes-Oxley Act).

Regulatory Compliance Audits: We assist US companies with audits that ensure compliance with UK-specific regulations, including financial services regulations and sector-specific reporting requirements.

While privately owned US companies do not have statutory requirements for getting their financial statements audited, the UK company’s consolidated financial statements audit may lead to a need for an audit of the US subsidiaries. Our audit teams in the UK and US work cohesively, leveraging their audit work as independent network members of KNAV International Limited to provide a seamless audit experience. KNAV International Limited is a member of the Forum of Firms.

Sarbanes-Oxley (SOX) Compliance: We help UK companies listed on US stock exchanges implement and maintain effective internal controls in line with SOX, ensuring transparency and accountability in financial reporting.