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The Problem
A company is ‘close’ under the UK’s Corporation Tax Acts if the group of people controlling it is too small. If a company is, or is not, close, that has significant tax consequences. The rules determining whether a company is close or not are easy to apply in simple cases, but the analysis quickly spirals to become tortuously complex.
AORA’s Tool
AORA’s close company tool makes those complex cases simple. It precisely identifies the crucial pieces of information that need to be sought from a client. It then performs the analysis and calculations required by the rules in seconds, testing every possible situation and available exception to identify whether and exactly why a company is close.
AORA’s Outputs
AORA’s close companies tool generates a comprehensive and attractive explanation of the analysis they have run and the outcome it has reached. We use high-quality prose, easily legible tables, and attractive automatically generated diagrams to do this.
AORA’s close companies tool generates a comprehensive and attractive explanation of the analysis they have run and the outcome it has reached. We use high-quality prose, easily legible tables, and attractive automatically generated diagrams to do this.
Our reports are ready for review and strategic input by senior practitioners. Their comprehensive footnoting makes them an ideal learning tool for junior practitioners finding their way around this complex area of law for the first time.