Corporate revenues have been rocked by the turbulent economic conditions and
companies have rushed to ensure their tax arrangements are as streamlined as
This is to achieve the purpose of paying the correct amount of tax but
perhaps more vitally to ensure their tax affairs are in order if and when the
taxman takes issue with certain schemes.
In its aim to become the first choice tax practice team BDO planned to
develop the depth and breadth of its specialist offering and in winning the Tax
Team of the
Year for the second year in a row, the specialists of Baker Street saw off
tough competition from Ernst & Young Human Capital, KPMG, Sagars, Smith
& Williamson and Tenon.
Transfer pricing has long been a bugbear of the taxman and the winners of
this year’s tax team of the year award have excelled themselves in providing the
type of advice which dots all the Is and crosses all the Ts of the tax
Judges said: “BDO showed very strong results and a commitment to helping
clients to succeed in turbulent times. This was an entry that couldn’t be
The firm’s strategy of offering clients a tailored pricing service based upon
expertise, innovation and quality of service saw BDO actively steer clear of a
blanket policy to clients. “We will not offer a one size fits all approach,” the
BDO’s efforts left an indelible mark in the minds of its clients. “We were
very pleased with the innovative solution provided by BDO and awarded them
additional transfer pricing work subsequent to this,” said one finance chief.
Another finance executive said: “The transfer pricing document prepared by
BDO is very comprehensive and I am most impressed with the grasp and summary of
“Rather than suggest a purely theoretical route BDO was able to provide a
commercially practical solution and identify wider tax issues of our businesses
in the process.”
BDO’s fees generated from tax services increased by 32% in a tough price
competitive market. It also enjoyed an increase of more than 20% in client
numbers while bringing more people into the team. Staff levels rose by 18%
including one senior appointment, the firm said.
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Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today