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CheckLists.Tax
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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 (general)
A2. Income (general)
A3. Capital (general)
A4. Deemed income
A5. Attribution of income to another
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
C6. Gift to charity
8. Amending a gift
9. Omission to exercise valuable right
D. Grant, modification and loss of right
D1. Grant of a right/asset
D2. Grant of option
D3. Enhancement/variation of assets
D4. Merger of assets/rights
D5. Fruition of a right
D6. Surrender of a right/asset
D7. Loss of a right/asset
D8. Forfeiture of a deposit
PART 2: ACTIVITIES
E. Trade related
E1. Trading transactions: general
E2. Trading receipts
E3. Trading expenditure
E3a. Fines, penalties, litigation costs
E4. Capital expenditure related to trade
E5. Research and development
E6: Transfer of a trade
E7. Incorporation of a trade
E8. Losses
E9. Cessation of trading
F. Employment related
F1. Employee monetary income
F2. Employee benefits in kind
F3. Providing employment income
F4. Gifts/voluntary payments
F5. Employee expenses
F6. Shares to employees
F7. Options to employees
F8. Termination of employment
F9. Indirect personal service
PART 3: ENTITY RELATED
G. Companies
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
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. Trusts
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. Charities
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
K. Investment funds
K1. Management rewards
PART 4: ASSET RELATED
L. Land related
L1. Transfer of land
L2. Acquisition of land
L3. Grant of a lease
L4. Rental income
L5. Assignment of a lease
L6. Variation of lease
L7. Termination/surrender of a lease
L8. Occupation and ownership
M. Loans and debt related
M1. Making/receiving a loan
M2. Incurring a debt
M3. Release or write-off
M4. Paying/incurring interest
M5. Interest income
M6. Return economically interest
M7. Loan to employee/director
M8. Loan to shareholder/investor
M9. Alteration of a debt
M10. Repayment of a loan
M11. Assignment of a debt
N. Intellectual property related
N1. Payment of a royalty
N2. Receipt of a royalty
N3. Sale and transfer of IP
N4. Grant of right to exploit image
P. Insurance and compensation related
P1. Sale of insurance
P2. Purchase of insurance
P3. Insured event occurs
P4. Surrender and partial surrender
P5. Compensation received
P6. Compensation paid
Q. Pensions and annuities
Q1. Contribution to pension
Q2. Pension scheme income
o3. Purchase of asset by pension scheme
o4. Disposal by pension scheme
o5. Transfer between pension scheme
o6. Pension income
o7. Benefits in kind from pension scheme
o8. Omitting to take pension rights
o9. Payment of annuity
o10. Annuity received
PART 5: SPECIFIC EVENTS
R. Residence
R1. Individual becoming UK resident
R2. Individual ceasing to be UK resident
R3. Temporary non-resident returns
R4. Long term residence
R5. Company becoming UK resident
R6. Company ceasing to be UK resident
R7. Trust becoming UK resident
R8. Trust ceasing to be UK resident
R9. Other entity becoming UK resident
R10. Other entity ceasing UK residencen
11. Individual becoming UK domiciled
12. Individual ceasing UK domiciled
13. Temporary repatriation facility
S. Changes of use etc.
S1. Business asset: change of use
S2. Private asset: change of use
T. International movements
T1. Moving assets to the UK
T2. Relief on moving assets to the UK
R3. Moving assets out of the UK
U. Insolvency
U1. Bankruptcy
U2. Liquidation
3. Administration
5. Appointment of a receiver
6. Striking off
V. Death and incapacity
V1. Death
V2. Variation and disclaimer of will etc
V3. Incapacity
W. Marriage and separation
W1. Marriage
W2. Separation before divorce
W3. Divorce
X. Excise goods related events
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