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Tax Compliance Checklists
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PART 1: TRANSACTIONS IN GENERAL
PART 2: ACTIVITIES
PART 3: ENTITY RELATED
PART 4: ASSET RELATED
PART 5: SPECIFIC EVENTS
PART 1: TRANSACTIONS IN GENERAL
A. Receipts (including accruals)
1. Receipts in general
2. Capital receipts (classification)
3. Income receipts (classification)
4. Events treated as receipts/income
A5. Individual receiving or entitled
A6. Person generating income for other
6. Receipt of income by a company
7. Receipt of income by a trust
8. Investment scheme related receipts
B. Sale, purchase and hire
B1. Sale, disposal, assignment
2. Sale by a company
B4. Disposal of right to income
B5. Sale: particular assets
B6. Sales: particular services
B7. Purchase
B8: Purchase: particular assets
B9. Purchase: particular services
B10. Hire
B11. Hire: particular assets
C. Gifts (inc transfers at undervalue)
C1. Gifts in general
C2. Gift by an individual
3. Gift to an individual
C4. Gift by a company
5. Gift to a company
8. Amending a gift
9. Omission to exercise valuable right
D. Grant and loss of interest/asset
1. Grant of option
2. Forfeit of a deposit
3. Destruction of an asset
PART 2: ACTIVITIES
E. Trade related
E1. Sale in the course of business
E2. Trading receipts
E3. Trading expenditure
E4. Fines, penalties, litigation costs
E5. Capital expenditure relating to trad
E6: Transfer of a trade
E7. Incorporation of a trade
E8. Cessation of trading
F. Employment related
F1. Employee income/remuneration
F2. Employee benefits
F3. Payer/provider of income/benefits
F4. Gifts/voluntary payments
F4. Shares to employees
F5. Options to employees
F6. Termination of employment
PART 3: ENTITY RELATED
G. Company related
G1. Disposal of shares
G2. Acquisition of shares
G3. Company income
G4. Dividends and distributions
G5. Other benefits from company
G6. Use of company property
G7. Purchase of own shares
G8. Reorganisation of share capital
G9. Alteration or cancellation of shares
G10. Insertion of new Holdco
G11. Intra-group transfer of asset
G12. Intra-group transfer of business
G13. Company leaving group
G14. Merger
G15. Capital reduction demerger
G16. Liquidation demerger
G17. Statutory demerger
G18: Liquidation
H. Partnership/LLP related
H1. Partner joining
H2. Partner leaving
H3. Change in partner sharing ratios
H4. Contribution of asset/business
H5. Partnership income
H6. Payments to partners/members
i. Trust related
i1. Creating + adding to trust
i2. Loan to trust
i3. Transfers between trusts
i4. Trust income
i5. Disposal of trust asset
i6. Acquisition of an asset
i7. Appointments and powers
i8. Distribution to beneficiary
i9. Benefits provided by trust
i10. Loan by trust
i11. Loan to settlor
i12. Disposal of interest in trust
i13. Termination of the trust
J. Charity related
J1. Gift to charity
J2. Loan to charity
J3. Charity income
J4. Purchase of asset by charity
J5. Disposal of asset by charity
J6. Benefits provided by charity
PART 4: ASSET RELATED
K. Land related
1. Sale of land
2. Purchase of land
3. Grant of a lease
K4. Rental income
5. Assignment of a lease
K6. Variation of lease
K7. Termination/surrender of a lease
K8. Occupation and ownership
L. Loans and debt related
L1. Making/receiving a loan
2. Incurring a debt
L3. Release or write-off
L4. Paying/incurring interest
L5. Interest income
6. Return economically interest
7. Loan to employee/director
8. Loan to shareholder/investor
L9. Alteration of a debt
L10. Repayment of a loan
L11. Assignment of a debt
M. Intellectual property related
1. Payment of a royalty
2. Receipt of a royalty
3. Sale and transfer of IP
L4. Grant of right to exploit image
N. Insurance and compensation related
N1. Sale of insurance
N2. Purchase of insurance
N3. Insured event occurs
N4. Surrender and partial surrender
N5. Compensation received
N6. Compensation paid
O. Pensions and annuities
o1. Contribution to pension
o2. Pension scheme income
o3. Purchase of asset by pension scheme
o4. Disposal by pension scheme
o5. Transfer between pension scheme
o6. Benefits from pension scheme
o7. Omitting to take pension rights
o8. Payment of annuity
o9. Receipt of annuity
PART 5: SPECIFIC EVENTS
P. Residence and domicile
1. Individual becoming UK resident
P2. Temporary non-resident returns
3. Long term residence
4. Company becoming UK resident
5. Trust becoming UK resident
6. Other entity becoming UK resident
7. Individual ceasing to be UK resident
P8. Company ceasing to be UK resident
9. Trust ceasing to be UK resident
10. Other entity ceasing UK residencen
11. Individual becoming UK domiciled
12. Individual ceasing UK domiciled
13. Temporary repatriation facility
Q. Changes of use etc.
Q1. Business asset: change of use
Q2. Private asset: change of use
R. International movements
1. Moving assets to the UK
R2. Relief on moving assets to the UK
R3. Moving assets out of the UK
S. Insolvency
1. Bankruptcy
2. Liquidation
3. Administration
5. Appointment of a receiver
6. Striking off
T. Death and incapacity
T1. Death
T2. Variation and disclaimer of will etc
T3. Incapacity
U. Marriage and separation
U1. Marriage
U2. Separation before divorce
U3. Divorce
V. Excise goods related events
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