PS23206 - UKRI Group - Strategic Tax Support

The purpose of this tender is to identify a provider of specified core tax services and deliverables, and ad hoc advisory and strategic support to UK Research and Innovation (UKRI) and its subsidiaries in relation to:

• the annual calculation of Corporation Tax including Capital Gains and Losses for UKRI and its wholly owned subsidiaries* starting in the financial year 2023-24;(UKRI's Financial Year is 1st April, until 31st March in the year following), for the five financial years ending 31 March 2028. Draft or results of the annual calculation of Corporation Tax are to be available at pre-agreed times so they can be entered to the respective Financial Year End Accounts for UKRI and its wholly owned subsidiaries
• for UKRI and its wholly owned subsidiaries, a requirement for provision to support the annual submission of the Corporation Tax returns by whatever means mandated by His Majesty's Revenue & Customs (HMRC), for the five financial years ending 31 March 2028, aligned with the statutory timings required for these returns by HMRC
• provision of expertise and advice to ensure UKRI and its wholly owned subsidiaries can maintain compliance with all direct and indirect taxation legislation and regulation across all the jurisdictions in which they operate including (but not limited to) applicable: company; ad valorem/sales; payroll/employment; import/export taxation and duties; and withholding tax
• provision of expertise and advice to ensure UKRI and its wholly-owned subsidiaries can report with annual financial statements, where applicable, against the requirements of IAS12 - Income Taxes, with relation to deferred taxation reporting and disclosures

UKRI does not hold specialist tax expertise inhouse and has decided to tender for outside expertise to support and complete these tasks.

The main purpose of the tender is to find a provider who has competence and knowledge across direct and indirect taxation within the UK and international jurisdictions.

To define the basis for Commercial (trading) and Non-Commercial (Non-Trading) activities that underline potential liabilities, and recoveries on Corporation Tax for both UKRI and its wholly owned subsidiaries.

To provide justification for the basis of the Annual calculations for Corporation Tax, that will be part of the Budgetary and Cash Flow control of UKRI and its wholly owned subsidiaries, and for the inclusion of the calculations into the Annual Accounts of these organisations, for the period of the tender.

To be compliant with HMRC statutory requirements in completing Corporation Tax.

To be able to assess Budgetary and Cash Flow timings and consequences.

To allow knowledge of Corporation Tax analysis and knowledge to be passed to UKRI and Knowledge Transfer Network Ltd staff.

To have access to advice, knowledge, and support on indirect and direct taxation to ensure compliance in all jurisdictions in which UKRI operates.