The move from the UK to the Irish market brought about unexpected tax consequences for the business, resulting in a potentially crippling Irish Tax liability which would have had devastating cashflow implications for the business.
How our services have helped
Utilising cross-border location and cross-jurisdictional tax expertise, PKF-FPM unravelled complex reporting obligations.
PKF-FPM successfully negotiated a settlement with the Revenue Commissioners, achieving considerable savings and resolution of a significant tax liability. Furthermore, by regularising tax affairs, PKF-FPM helped ensure business survival.
The moral of the story – have the RIGHT partner along with you for the journey.