KPMG UK Tax Partner Leaves, Establishes Own Firm

A former KPMG tax advisor is starting his own tax service firm in the UK. Iain Wright, who worked for 16 years with KPMG, RSM Tenon, and other tax firms, is establishing Claritas Tax, which will offer transaction and international expansion consulting services in addition to business taxes advisory services. The firm will focus on the Midlands market in the UK.

Speaking on the firm’s focus, Wright said that Claritas will aim to help businesses take full advantage of the increasingly competitive tax system of the UK. “The coalition government has the objective of creating the most competitive tax system in the G20. This has resulted in a number of opportunities for Midlands businesses to benefit from measures such as the enhancement of the R&D tax relief system, the 10% tax rate offered by the patent box and various improvements made to the taxation of profits earned overseas,” he said.

Claritas Tax will be based in Birmingham, in the heart of the West Midlands. In addition to tax compliance services, the firm will also offer research and development and intellectual property consulting services. The firm also offers services working on payroll taxes, property taxes, personal taxes, and VAT issues.

“With so many changes to the tax system, our focus is on providing tax advice which supports the commercial objectives of our clients,” Wright said of his new firm.