Case study 1
Shareholding chart rebuilt to identify the foreign affiliates
A corporation knew it had foreign holdings and did not know precisely what they were, because the group had grown by acquisition over a decade and no single document described it. We collected the share registers and the acquisition papers for each entity, drew the chart with the interest held at each level, and agreed it with the directors before anything was drafted. The engagement produced an agreed group chart, a schedule built from it, and a list of the entities whose paperwork could not be located, so the gaps were visible rather than silently omitted.
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Case study 2
Dormant foreign subsidiary added to the corporate schedule
A company held a subsidiary abroad that had traded briefly and then stopped. Because it appeared in no accounts other than as an investment, it had been left off the corporate schedule for several years. We confirmed the holding from the register, established that the entity had never been wound up, and prepared corrected schedules for the open years so the affiliate is described consistently throughout. The engagement produced amended filings, a decision point put to the directors on whether to keep the entity at all, and a note explaining why a dormant company is still reportable.
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Case study 3
Personal foreign shares kept off the corporation's schedule
A director assumed that shares he held personally in an overseas company belonged on the company's schedule, because the company had paid for part of the investment. We traced the funding, established who actually held the interest, and set out which filings each holding belonged in — the corporation's schedule for what the corporation held, his own reporting for what he held. The engagement produced a corrected schedule, a written analysis of the funding trail, and a recommendation on tidying the registration so the question does not have to be re-answered every year.
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Case study 4
Affiliate interest traced through an intermediate holding company
A group held its operating company abroad through a second foreign entity, and the corporate schedule named only the company at the bottom. We mapped the chain, established the interest held at each level and the dates on which each was acquired, and rewrote the schedule so every affiliate in the chain is identified rather than only the one the directors thought of as the business. The engagement produced a schedule that matches the structure, and a group chart the company now updates whenever an entity is added or removed.
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Case study 5
Schedule reconciled with the foreign affiliate reporting package
A corporation had completed its foreign affiliate reporting and its corporate schedule in different offices, from different lists, and the two did not name the same companies. We built a single list of affiliates from the registers, mapped each entry to both filings, and identified where each had gone wrong. The engagement produced a consistent set of filings for the year, one agreed source list that both pieces of work are now driven from, and a short procedure so the two are prepared together rather than in parallel.
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Case study 6
Mid-year disposal of a foreign subsidiary written up for the file
A group sold an overseas subsidiary part-way through its year and assumed the holding would simply drop out of the corporate schedule. We established what was held and for how long, recorded the date and the terms of the disposal, and prepared the schedule with the position as it stood during the year rather than as it stood at the year end. The engagement produced a filed schedule that explains the change in the group, and a documented disposal that answers the obvious question about why an affiliate appears in one year and not the next.
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Case study 7
A Foreign Subsidiary That Nobody Had Been Reporting
Owning a company abroad triggers an information return separate from the corporate return, with its own penalty. The work is the surplus and income computations behind it, which also determine how a future dividend is taxed on the way home.
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Case study 8
A Foreign Affiliate Return Filed Years Late
The reporting obligation on a company held abroad runs separately from the corporate return and carries its own exposure. The work is reconstructing the surplus position across the open years before any filing goes in.
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