Claritas Tax, the UK’s leading independent tax consultancy firm has strengthened its tax offering with the appointment of Associate Partner Tom Prescott as Head of Transfer Pricing, based in their Birmingham office.
Tom has over 15 years’ experience in the provision of transfer pricing services both in the UK and internationally, advising a range of clients from start-ups through to FTSE 100 businesses.
Tom said: “This is a perfect challenge for me, both in terms of career development and in being at the forefront of leading a very important advisory team for such a fast-growing and ambitious firm. This extension of our transfer pricing services will enhance our ability to service larger, international clients and strengthen our position as a credible alternative to the larger firms. Following a consultation announced in last week’s Budget, transfer pricing requirements may well be applicable to medium-sized companies. This would massively extend the scope of transactions subject to the rules and will inevitably increase the burden on mid-market companies. Claritas has a proven track record of delivering excellent and practical advice to clients, and I look forward to bringing the Claritas approach to our clients, whether they are newly in scope or already established large companies.”
Iain Wright, Founding Partner and Head of the Birmingham Office at Claritas comments: “Tom is an important addition to our national tax team and will be a crucial part of our growth strategy. We are excited to have him joining us, particularly given his deep specialism in transfer pricing which is in constant and growing demand across our client base.”
Matt Hodgson, Partner and Head of the Manchester Office at Claritas comments: “I am delighted to welcome Tom to the Claritas team. He will further enhance our credibility as a full-service tax offering to the mid-market and is a fantastic cultural fit in the team, which we place a great deal of emphasis on when recruiting. Transfer pricing is a real growth area for us and a major agenda item for most internationally focused UK mid-market companies, so we see huge potential to grow this service line in the short to medium-term.”
