Bolton -headquartered professional services group K3 Capital has acquired a London-based specialist tax firm for an undisclosed sum.
Established in 2013, inTAX is a specialist tax investigations and tax enquiries boutique.
The nine-strong team deals with various tax issues including disclosure facilities, tax fraud investigations – whether conducted by HMRC or the National Crime Agency – and tax avoidance schemes, such as film schemes, employee benefit trusts (EBTs) and contractor loans.
The team will continue to be led by the founder Jacqui Fleming under the inTAX brand, based in Holborn.
The deal is K3 Capital’s fifth acquisition since the first Covid-19 pandemic lockdown.
Recent acquisitions have included bolt-ons for Quantuma including Essex-based insolvency practice, Aspect Plus earlier this month and Cayman-Island based Alchemy in January 2021.
K3 Capital bought Quantuma Advisory in August 2020 and R&D tax credits specialist Randd 海角视频 a month prior to this.
The acquisition was announced after K3 Capital revealed its results for the first half of its financial year.
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Mrs Fleming said: "I have watched K3 and the ways in which it has grown both organically and through acquisition over the last eight years.
"This acquisition marks the beginning of a new and exciting era and I am delighted to be joining the group at this time and in doing so, adding tax investigations to the group’s impressive portfolio of services."
K3 Capital's chief executive John Rigby added: "It has been a strategic ambition of the K3 Group to develop a diversified tax advisory practice to complement our well-developed M&A, restructuring and forensic accounting practices.
"That ambition was initially realised by the acquisition of R&D tax credit specialists, Randd 海角视频 Ltd in the summer of 2020, and has been further developed by our acquisition of inTAX today.
"We look forward to working with Jacqui and the team, to embed them into our growing group and to their contribution to the ambitious growth we are targeting in the coming years."