© 2018 by Hansuke Consulting Limited

 

Hansuke Consulting Limited is registered in England and Wales number 10136213 with its registered office at: 71-75 Shelton Street, London WC2H 9JQ. Hansuke Consulting Limited is an accredited and regulated member firm of the Institute of Chartered Accountants in England and Wales (ICAEW).

 

In accordance with the disclosure requirements of the Provision of Services Regulations 2009, our professional indemnity insurer is International General Insurance Co (UK) Limited, of 133 Houndsditch London EC3A 7AH. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.

Simplifying complexity

Securities Tax Advisory

Securities Taxation Advisory is a specialism of Hansuke. We have practical expertise supported by tax authority experience. Our Managing Director is a leading authority in the field of securities taxation, having worked with leading sovereign institutions, broker-dealers, securities lending agents, asset managers and custodians.

 

Some notable conferences where we have spoken have included the following:

 

2015:    Discussant on the “Navigating the Current Regulatory Environment for Synthetic Instruments” panel at the Equilend client event, London

 

2013:    Presented the session entitled “Taxes and Securities Lending” at Goldman Sachs Agency Lending Annual Securities Lending Conference, Boston

 

2013:    Lead discussant on the OECD/G20 Base Erosion and Profit Shifting (BEPS) project at International Tax and Investment Centre’s 4th MENA meeting in Tunis

 

2011:    Conference speech “From Physical to Swap: The implications of transforming a portfolio’ at The Synthetic Finance Summit II, London

 

2011:    Conference speech “Taxation developments impacting International Securities Lending” at The 8th Annual PASLA/RMA Conference on Asian Securities Lending, Singapore

 

2007:    Led the taxation panel at 9th Conference of Central Securities Depositories (CSD 9) held in Seoul



Through our expertise, we assist our clients in the following ways:

 

Designing and implementing best in class withholding tax management systems,

Supporting (and outsourcing of) reclamation of withholding taxes,

Assistance with the negotiating of taxation terms within market agreements and SLAs,

Multi-jurisdictional reviews for new markets and new investments/instruments,

Securing robust FIN48 opinions covering treatment of market transactions and capital gains,

Analysis of securities financing transactions including rehypothecation,

Analysis of give-up trades via FIX and other DMA technology,

Negotiating with taxation authorities where inadvertently non-compliance has occurred. 

FATCA-CDOT-CRS Advisory

Tax Reporting and Compliance

Given the increasing complexity of business and tax, with greater demands for robust documentation and transparency, tax departments are under unprecedented pressure to be more effective with fewer FS specialist professionals.

 

We support our clients in following ways:

 

Tax accounting

Supporting quarterly and annual tax provision calculations, validating tax balance sheet accounts, assisting with drafting of tax disclosure notes and implementation of new accounting standards under IFRS and/or local GAAP.
 

Tax compliance

Provision of efficient, cost-effective tax compliance services, including co-sourcing and outsourcing options. Our enhanced compliance service has built-in helpline support and regular on-the-ground delivery support.

 

Tax function improvement & SAO advisory

Calibrating tax with the overall organisational strategy, improving tax processes and controls, and data and systems effectiveness. Our health checks and risk reviews are designed to identify gaps, evaluating key risks, and seek to improve controls monitoring and development of remediation road-maps.

 

The scope of our services is not constrained by ‘conflicts of interest’ that arise from audit and other similar assurance assignments. Our firm’s independence enables us to deliver unfettered high-quality service to address our clients’ specific needs, throughout the entire tax life cycle of planning, provision, compliance and working with the tax authorities.

Tax Function Improvement & SAO Advisory

Given the regulatory complexity and reputational issues, tax departments face unprecedented strategic and operational challenges. Our advisors, possessing in-house and tax authority experience, are ideally placed to assist tax departments to meet the complex regulatory, technology and globalisation challenges by enhancing the effectiveness of the tax function by designing and implementing efficient tax systems and processes.

 

We deploy proven methodologies and apply in-depth knowledge of tax technologies to help build robust compliance and reporting foundations, effective risk management protocols and a high performing, efficient, effective and sustainable tax function.

 

We can help you improve the end-to-end business processes that drive tax performance. We possess extensive experience of assisting UK based organisations meet their Senior Accounting Officer (SAO) obligations. Under the SAO regime, the responsible officer is required to personally certify that their organisational systems are fit for the purpose of reporting taxes.

VAT, GST and other sales taxes

Indirect taxes have an impact on all businesses of all sizes across all the sectors. For the Financial Services industry, VAT is increasingly recognised as a specialist and complex matter.

 

The nature or place of a supply can have huge financial consequences especially in property and other transnational matters.

 

We help our clients efficiently manage their VAT by negotiating with the authorities and advising on complex transactions. We can support full or partial VAT compliance outsourcing, identify the right partial exemption method and review accounting systems.

 

We provide a full range of VAT services, covering:

Assistance with VAT registration

Preparation and filing of VAT returns

Advice on VAT planning and administration

Staff training and development

Use of the most appropriate scheme

VAT health check reviews

Planning to minimise future problems with Revenue and Customs

Negotiating with Revenue and Customs in disputes and representing you at VAT tribunals if necessary