Grace Wu

• Extensive experience reviewing corporation tax returns (CT600s) and detailed tax computations prepared by junior staff.
• Strong technical ability to identify errors, inconsistencies, and tax risks within corporation tax files, ensuring full compliance with UK tax legislation.
• Skilled in reviewing capital allowances, loss positions, group relief claims, R&D adjustments, and deferred tax calculations.
• Provide clear and constructive review feedback to junior team members, ensuring accuracy, completeness, and high-quality tax deliverables.
• Experienced in reviewing tax disclosures for statutory accounts under IFRS/FRS 102, including current and deferred tax notes.
• Proven ability to review tax forecasts, QIPs, and group tax reporting packs, ensuring alignment with business expectations and compliance requirements.
• Strong record of supporting and reviewing responses to HMRC enquiries, ensuring technical robustness and effective risk management.
• Highly detail-oriented, with the ability to identify technical issues quickly and provide practical, commercially focused solutions.
• Confident in communicating review findings, explaining tax impacts, and recommending practical improvements.
• Committed to maintaining high review standards and enhancing review processes to improve accuracy and efficiency across the tax function.

Role Summary: Provide specialised tax advisory services, predominantly liaising with HMRC on complex tax issues.

Key Responsibilities and Achievements:

• Income Tax Enquiries: Managed HMRC queries, providing comprehensive responses and guidance.
• Corporation Tax Enquiries: Responded to HMRC inquiries with detailed guidance and strategic solutions.
• COP 9 Report Disclosures: Prepared and submitted COP 9 reports, ensuring accurate voluntary disclosures in high-stakes cases.
• Alternative Dispute Resolution (ADR): Applied for ADR on behalf of clients, preparing and participating in ADR meetings to facilitate efficient resolution of disputes.
• Tribunal Case Management: Oversaw lifecycle of tribunal cases, from lodging appeals to supporting Counsel through hearing preparation. This included compiling and organizing Lists of Documents, Tribunal Bundles, and Authority Bundles.
• Dispute Resolution on Penalties and Compliance: Advised on penalty-related disputes, addressing statutory timeframes and HMRC’s information powers to secure favorable client outcomes.
• Time-to-Pay Arrangements: Negotiated payment schedules with HMRC to alleviate immediate financial pressures on clients.
• Tax Computations: Prepared detailed tax calculations in alignment with statutory requirements and client circumstances.
• Offshore Trust Voluntary Disclosures: Supported clients in making voluntary disclosures for offshore trusts to HMRC.
• Substandard Offer Applications: Facilitated applications for substandard offers, managing process to meet client-specific objectives.

Tax Areas of Expertise:

• Corporate and Individual Tax:

Corporation Tax;
Income Tax;
Capital Gains Tax;
Value Added Tax;

• Specialty Programs:

Job Retention Grant Scheme Compliance;
Rental Income Disclosures;
Statutory Residence Test and Overseas Income Disclosures;

• Specific Case Areas:

Loan Charge Compliance;
Pension Protection Appeals for Late Applications and Fixed Protection Revocations;
Successful Appeals for Late Payment Penalties, securing savings over £50,000 for clients;

• Providing tax advice for clients and planning ahead to help clients understand their financial position.
• Dealing with HMRC tax investigation on behalf of clients including representing clients on Tribunals. (Won a recent Tribunal case that HMRC cancelled VAT & Income Tax Liability of £190,000 to nil).
• Structuring affairs of clients to minimise tax liability.
• Preparing , examining and analysing accounting records, financial statements, budgets and management accounts.
• Submitting Self Assessment Tax returns, Corporation Tax returns and VAT tax returns to HMRC.
• Preparing and submitting financial accounts.
• Adapted tax advice to suit business needs across various industry sectors.
• Monitored and anticipated tax legislation changes, adapting accounting processes to suit.
• Prepared annual and monthly tax returns and tax compliance documents.

• Preparing and submitting Corporation Tax returns and Self Assessment Tax returns.
• Preparing, examining and analysing accounting records, financial statements, management accounts, budgeting other financial reports for clients
• Created tax reports and transaction step plans aligned to business goals.
• Adapted tax advice to suit business needs across various industry sectors.

• Undertake financial audits, producing reports and recommendation following audits.
• Computing and preparing self-assessment tax returns, advising clients on tax planning.
• Computing taxes owed and prepare corporation tax returns, ensuring compliance with payment, reporting and other tax requirements.
• Preparing payrolls and submitting employer annual returns for clients.
• Supervising juniors for preparing VAT returns, financial accounts, payroll and submitting forms to Companies House.