Question 2d
Your manager has had a number of telephone conversations with Gomez, a potential new client. Gomez owns the whole of the ordinary share capital of Helm Ltd. Extracts from the memorandum prepared by your manager setting out the matters discussed and an email from your manager in connection with the Helm Ltd group are set out below.
Email from your manager
Additional information
1. All of the companies are UK resident trading companies.
2. All of the companies are profitable and prepare accounts to 31 March each year.
Please carry out the following work in preparation for a meeting with Gomez.
(d) Becoming tax advisers to Gomez and the Helm Ltd group of companies
Prepare a summary of the information we require, and any actions which we should take before we agree to become tax advisers to Gomez and the Helm Ltd group of companies.
Tax manager
Required: Carry out the work required as requested in the email from your manager. The following marks are available:
(d) Becoming tax advisers to Gomez and the Helm Ltd group of companies. (5 marks)