Fair Tax Mark Statement of HGS Consulting

 

This statement of Fair Tax compliance was compiled in partnership with the Fair Tax Mark and certifies that HGS Consulting meets the standards and requirements of the Fair Tax Mark’s Small Business standard.

 

Tax Policy

HGS Consulting is committed to paying all the taxes that we owe in accordance with the spirit of all tax laws that apply to our operations. We believe that paying our taxes in this way is the clearest indication we can give of our being responsible participants in society. We will fulfil our commitment to paying the appropriate taxes that we owe by seeking to pay the right amount of tax, in the right place and at the right time. We aim to do this by ensuring that we report our tax affairs in ways that reflect the economic reality of the transactions we undertake in the course of our trade.

We will not seek to use those options made available in tax law, or the allowances and reliefs that it provides, in ways that are contrary to the spirit of the law. Nor will we undertake specific transactions with the sole or main aim of securing tax advantages that would otherwise not be available to us based on the reality of the trade that we undertake. The company will never undertake transactions that would require notification to HM Revenue & Customs under the Disclosure of Tax Avoidance Schemes Regulations or participate in any arrangement to which it might be reasonable anticipated that the UK’s General Anti-Abuse Rule might apply.

We believe tax havens undermine the UK’s tax system. As a result, whilst we may trade with customers and suppliers genuinely located in places considered to be tax havens we will not make use of those places to secure a tax advantage, and nor will we take advantage of the secrecy that many such jurisdictions provide for transactions recorded within them. Our accounts will be prepared in compliance with this policy and will seek to provide all that information that users, including HM Revenue & Customs, might need to properly appraise our tax position.

 

Reporting

Directors’ pay and dividends – HGS Consulting has one director, Hamish Sheppard. In 2016/17, director remuneration amounted to £5,000

The Registered Office is also the Trading address of HGS Consulting. The residential address of the Director is 50 Corstorphine Bank Drive, Edinburgh, Midlothian, EH12 8RN.

The average net profit before tax over the four years 2014/15 to 2016/17 was £33,925.

The average current tax charge over the four years 2014/15 to 2016/17 was £6,772. No deferred tax asset or liability was incurred during the period.

The average current tax charge over the four years 2014/15 to 2016/17 was 20%.

What our customers say

Some kind words from some of the thousands of businesses we've worked with

Ian Kernohan

He consistently produced high-quality work within tight deadlines, was an excellent colleague and fitted in well to our team. I would have no hesitation in hiring him again or recommending him to others.

Iain Ross

Hamish is an extremely capable individual who is quick to the nub of an issue and equally quick to the solution. His work was viewed at Director level and he frequently prepared briefs for the Board.

Richard Cooper

Hamish brought stability to the financial reporting in a time of change, and was consistently proactive and responsive to ever changing demands for information, both from myself and from the wider business.

Shereen Kenyon

Hamish really delivered for us across a range of activities including accountancy,Hamish is an extremely professional individual. He demonstrates not only mastery for his core role, but also has the ability to quickly understand and operate business processes and systems.

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