Fair Tax Mark Statement of Co-Accounting South London Limited (March 2026)
This Statement of Fair Tax Mark compliance was compiled in partnership with the Fair Tax Foundation.
This Fair Tax Mark Statement certifies that Co-Accounting South London Ltd meets the requirements of the Fair Tax Mark's - UK Small Business Standard.
The Fair Tax Mark label is the gold standard of responsible tax conduct and certifies that a business:
seeks to follow the spirit, as well as the letter of the law;
shuns artificial and aggressive corporate tax avoidance; and
is transparent about profits made and taxes paid.
Tax Policy
Co-Accounting South London Ltd (“we” / “the Company”) is committed to paying all the taxes it owes in accordance with the spirit of all tax laws that apply to its operations. We believe paying our taxes in this way is the clearest indication we can give of being responsible participants in society. We will fulfil our commitment to paying the appropriate taxes that we owe by seeking to pay the right amount of tax, in the right place, and at the right time. We aim to do this by ensuring we report our tax affairs in ways that reflect the economic reality of the transactions that we undertake during the course of our trade.
We will not seek to use those options made available in tax law, or the allowances and reliefs that it provides, in ways that are contrary to the spirit of the law. Nor will we undertake specific transactions with the sole or main aim of securing tax advantages that would otherwise not be available to us based on the reality of the trade that we undertake. The Company will never undertake transactions that would require notification to HM Revenue & Customs under the Disclosure of Tax Avoidance Schemes Regulations or participate in any arrangement to which it might be reasonably anticipated that the UK’s General Anti-Abuse Rule might apply.
We believe tax havens undermine the UK’s tax system. As a result, while we may trade with customers and suppliers genuinely located in places considered to be tax havens, we will not make use of those places to secure a tax advantage, nor will we take advantage of the secrecy that many such jurisdictions provide for transactions recorded within them.
Our accounts and tax filings will be prepared in compliance with this policy, and we will seek to provide all the information that users, including HM Revenue & Customs, might need to properly appraise our tax position.
This tax policy applies to us and also the advice that we give to our clients. We will never offer artificial or aggressive tax planning services to our clients in order for them to gain a tax advantage that isn’t within the spirit of the law, or to disguise the economic reality of a transaction.
Company Information
The Company’s only director is Damion Viney. Damion Viney (5,240 Ordinary shares, 51.2%) and Josephine Viney (5,000 Ordinary shares, 48.8%) combine to own and control all of the issued Ordinary shares and voting rights of the Company.
In 2021, the Company changed its share structure to allow for ‘Growth Shares’ to be offered to all employees and future employees who have been employed by the Company for at least three years. The Growth shares do not carry with them any voting rights, but they may participate in any dividends declared by the Company and at different rates from the Ordinary shares. The Growth Shares are for employees to own and benefit from the growth in the Company.
Our primary trading address is located at Unit D228, Parkhall Business Centre, 62 Tritton Rd, London SE21 8DE.
tax information
The average net loss before tax over the last three accounting periods ending on 30 June 2025 was £2,928. The expected tax credit on these average accounting losses would be £556 (19.0%). Our actual average current tax charge over this period was £Nil; and the reasons for this being different to the credit expected are explained below in the following current tax reconciliation with accompanying footnotes:
01-Jul-22 to 30-Jun-25 £
Average loss before tax (2,928)
Av. expected corporation tax credit for the period (19.0%) (556)
Depreciation in excess of capital allowances 207
Expenses not deductible for tax purposes 122
Charitable Donations 113
Super-deduction capital allowances (14)
Trading Losses carried forward (Note 5) 128
Average current tax charge (0.0%) 0
As at 30 June 2025, the Company had no deferred tax assets or liabilities on its balance sheet; and had no movements in deferred tax expensed or credited to profit and loss during the year.
The treatment of fixed assets is different for accounting and tax purposes. For accounting purposes, fixed assets are depreciated over their useful economic lives. For tax, there are specific rules on what can be claimed and when (capital allowances). These differences can create tax adjustments. However, these tax adjustments are only timing differences, as eventually the total depreciation charged in the accounts will match the total capital allowances claimed in the tax returns. We have not made a provision in our accounts in relation to these timing differences (i.e., no deferred tax has been accounted for).
Some business expenses, although entirely appropriate for inclusion in the accounts, are not allowed as a deduction against taxable income when calculating the tax liability. Examples of such expenses are client entertaining.
Charitable donations can only be deducted up to an amount that reduces the Company’s profits to zero. Charitable donations cannot create or increase a loss for taxation purposes.
From 1 April 2021 to 31 March 2023, UK companies investing in qualifying new plant and machinery assets could claim a 130% super-deduction capital allowance. This extra 30% allowance created a permanent difference above the asset's actual cost, which won't be resolved by depreciation and capital allowances equalling each other over the asset's life. As this 30% tax saving is a permanent difference, not a timing difference, it has been presented separately.
Tax losses from earlier periods can be carried forward and relieved against future profits, so that the correct amount of tax is applied to the overall historic profits generated, and not just for that period. Once the tax losses have all been used, tax will then become chargeable on the profits generated thereafter.