Natural Resources International Tax Services

We offer comprehensive tax advisory and compliance services to Natural Resources businesses, both in the UK and globally, helping them find their way in the increasingly complex world of tax.

For groups with operations or planned transactions outside the UK, we are supported by the extensive PKF Global network to provide expert advice locally, that reflect the commercial aims of the UK and overseas business. We assist with both one-off tax issues and ongoing global solutions. Our international tax services include but are not limited to, corporation tax, human capital and global mobility, transfer pricing and VAT & indirect taxes.

Corporation tax

Our Corporation Tax team can manage tax compliance, whilst also advising on improving overall efficiency. Our aim is to help your Natural Resources business understand the complex tax issues involved and provide solutions.

We deliver specialist corporate and business tax advice at both a local and international level, starting from properly structuring your business operations, to extraction of profits, and ensuring compliance with the regulations of relevant jurisdictions, all in a commercial manner. We can also provide comprehensive cross-border tax advice, including withholding tax obligations, sales or acquisitions.

For mining and oil and gas companies with operations or planned transactions outside the UK, we are supported by the extensive PKF Global network to provide expert advice locally, and joined-up solutions that, most importantly, reflect the commercial aims of the UK and overseas businesses.

Human capital and global mobility

Our dedicated team provides advice on global and UK employment-related taxes, social security and human capital services. We work with both listed and privately-owned businesses, as well as individuals across the Natural Resources sector.

Being part of a multinational group can trigger payroll obligations as a result of the international travel patterns of employees and directors. Global mobility is a complex area, but we can help simplify this.

Our Natural Resources tax specialists will support you across a range of issues including employee benefits, local payroll advice, personal tax compliance services, off-payroll labour and international assignments, including policy drafting, and support for every stage of the assignment lifecycle.

Transfer pricing

Our experienced Transfer Pricing team can assist you in developing transfer pricing strategies and solutions for your local, regional, and global business operations and end markets in the Natural Resources sector.

We work with leading companies across markets worldwide, and provide specialist transfer pricing advice and support. Our services typically range across the following areas:

  • Transfer pricing health check (in line with the OECD measures against Base Erosion and Profit Shifting)
  • Development of business and tax aligned operating models, transfer pricing policies and implementation support
  • Preparation of transfer pricing and supporting documentation
  • Advanced Pricing Agreements and Mutual Agreement Procedure claims
  • Transfer pricing controversy and resolution of disputes with tax authorities

We provide practical and tailored solutions to your business across the full suite of transfer pricing services, including planning, compliance, documentation, and defence. We work with local experts across PKF Global, our international network of professional advisory firms.

VAT and indirect taxes

We can help Natural Resources groups to unlock and maximise recoveries of VAT (and similar non-UK taxes) on expenditure as quickly as possible. We provide complete global coverage and a full range of services in relation to VAT, GST and Customs Duty implications of cross-border services and movement of goods.

We do this by following the guidance provided by HMRC, non-UK tax authorities and decades of VAT case law precedent relating to holding companies of Natural Resources groups and businesses incurring significant VAT-bearing expenditure now in order to generate income many years in the future.

We know the challenges that HMRC are likely to raise and so can pre-empt them by implementing proven, HMRC-approved strategies so that any potential challenges to VAT recovery are resolved at the first HMRC inquiry.