Taxation & Compliance

Tax compliance

Our tax compliance team exists to help clients meet their legal and statutory obligations — completing returns, registrations and notifications accurately and on time, so that penalties and interest charges never arise in the first place.

The full compliance service covers:

• Preparation and submission of individual, corporate and trust tax returns
• Agreement of tax assessments
• Payroll and benefit-in-kind statutory returns
• VAT return preparation and submission
• VAT registration and de-registration

Tax investigations

We assist with tax enquiries and investigations. This work is most often for Isle of Man and UK clients, but we can act in other jurisdictions alongside suitably qualified local professionals.

Advice and mitigation

Laws and regulations change constantly, and having the right arrangements in place is what relieves the tax burden to the fullest extent possible.

We offer a bespoke solution on each matter — seeking advice from tax counsel or working with other professionals on a team basis where that produces the better answer.

International reporting

Crossleys has worked with professionals worldwide for many years. Automatic tax reporting keeps expanding, and the penalties for non-compliance with it are expanding too.

We keep clients on top of obligations including:

• The OECD Common Reporting Standard (CRS)
• The US Foreign Account Tax Compliance Act (FATCA)
• Payroll and benefit-in-kind statutory returns
• EU anti-avoidance directives, including DAC 6 on cross-border transactions