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Tax Systems

OverviewSuggest Edit

Tax Systems is a company that supplies corporation tax and associated software and services to corporates and accountancy firms. It offers Alphatax, an end to end tax compliance solution, and Alphatag, a software that converts a Word or Excel document prepared for the statutory accounts to an iXBRL file in a format used for HMRC. The company also provides Alphatrac, a workflow software that offers a dashboard for status reporting of tax compliance process, and Alphacat, an application that enables companies to prepare and manage accounts filings reportable to HMRC. In addition, Tax Systems offers a range of professional services, such as strategic consulting, outsourced corporation tax compliance, iXBRL tagging, tax reporting, hosting, training and support services.

TypePrivate
Founded2003
HQDublin, IEMap
Websitetaxsystems.com
Employee Ratings4.9More

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Latest Updates

Employees (est.) (Jun 2021)117(-1%)
Revenue (FY, 2018)£16.7 M(+11%)
Share Price (Aug 2018)$9.2(-10%)
Cybersecurity ratingAMore

Tax Systems Office Locations

Tax Systems has offices in Dublin and Staines
Dublin, IE (HQ)
7 Herbert St, Grand Canal Dock
Staines, GB (HQ)
London Rd
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Tax Systems Financials and Metrics

Summary Metrics

Founding Date

2003
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Tax Systems Revenue

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Tax Systems's revenue was reported to be £16.66 m in FY, 2018
GBP

Revenue (FY, 2018)

16.7m

Gross profit (FY, 2018)

15.4m

Gross profit margin (FY, 2018), %

92.3%

Net income (FY, 2018)

970.0k

EBIT (FY, 2018)

691.0k

Cash (31-Dec-2018)

6.3m
GBPFY, 2016FY, 2017FY, 2018

Revenue

5.8m15.1m16.7m

Cost of goods sold

377.0k1.1m1.3m

Gross profit

5.4m14.0m15.4m

Gross profit Margin, %

93%92%92%
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GBPFY, 2006FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.4m5.0m4.2m3.5m6.3m

Accounts Receivable

2.2m2.8m3.6m

Current Assets

1.5m5.1m7.2m8.6m11.7m
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GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash From Operating Activities

(32.0k)(263.0k)(496.0k)6.4m8.5m

Cash From Investing Activities

(74.4m)798.0k(1.8m)

Cash From Financing Activities

(898.0k)5.3m72.1m(6.0m)(3.9m)

Net Change in Cash

(930.0k)5.0m(2.8m)1.3m2.8m
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Tax Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

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Tax Systems Online and Social Media Presence

Tax Systems's Trends

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Tax Systems News and Updates

December 06, 2019

When Precision is the Master and Administrability is the Servant: Tradeoffs in Tax Systems

Carrie Elliot considers the tradeoff between precision and administrability, noting that administrability can serve as a guide for simplification and practicality.
May 02, 2019

Smith & Williamson Reports That Tax Systems Are Not Threatened by St Kitts and Nevis's Citizenship Programme

LONDON, May 2, 2019 /PRNewswire/ -- A new report by British tax advisers Smith & Williamson concludes that St Kitts and Nevis's Citizenship by Investment (CBI) Programme does not threaten tax collection or reporting under the CRS. It is the second leading tax advisory to debunk the myth...
April 26, 2019

EY Findings Reinforced: St Kitts and Nevis Citizenship Programme Does Not Threaten Tax Systems - CS Global Partners

LONDON, April 26, 2019 /PRNewswire/ -- A second, internationally-leading tax advisory firm has compiled a report finding that St Kitts and Nevis' Citizenship by Investment (CBI) Programme does not threaten tax collection or reporting under the CRS. Smith & Williamson, headquartered in...

Tax Systems Blogs

April 22, 2021

ARE YOU UP TO SPEED ON FATCA AND CRS REPORTING?

ARE YOU UP TO SPEED ON FATCA AND CRS REPORTING? JoeBarrett Thu, 04/22/2021 - 10:39   It’s back to business as usual for Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) in terms of the reporting deadlines but there have been some imp…
April 20, 2021

HOW CAN YOU PROTECT THE BUSINESS AND REDUCE RISK UNDER MTD PHASE 2?

HOW CAN YOU PROTECT THE BUSINESS AND REDUCE RISK UNDER MTD PHASE 2? Matt Lewis Tue, 04/20/2021 - 11:22   The 1st April has been and gone so all eligible businesses must now comply with the final phase of MTD for VAT by implementing digital links from their source…
April 09, 2021

Bishop Fleming webinar

Bishop Fleming webinar MAKING TAX DIGITAL: WHERE ARE WE NOW AND WHERE ARE WE GOING? In this joint webinar, held in association with Bishop Fleming, we look at the MTD mandate and its place in the digi…
April 08, 2021

THE VAT CHALLENGES FACING THE FINANCE SECTOR

THE VAT CHALLENGES FACING THE FINANCE SECTOR Matt Lewis Thu, 04/08/2021 - 11:27   Many financial institutions find VAT reporting challenging due to their complex reporting structures. Organisations have numerous VAT entities that employ differing recovery rates, …
March 29, 2021

ALPHACAT 2021 WEBINAR

ALPHACAT 2021 WEBINAR SIMPLIFYING FATCA AND CRS REPORTING We update you on the regulatory changes made to FATCA and CRS and the options for compliance.    …
March 29, 2021

ISSUES CONCERNING THE INTRODUCTION OF CT600L FOR R&D CLAIMS

ISSUES CONCERNING THE INTRODUCTION OF CT600L FOR R&D CLAIMS ROgilvie Mon, 03/29/2021 - 13:35   HMRC are introducing the CT600L supplementary page for Research and Development (R&D) which must be used for any new or amended submissions from 1 April 2021. …
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 Tax Systems Frequently Asked Questions

  • When was Tax Systems founded?

    Tax Systems was founded in 2003.

  • How many employees does Tax Systems have?

    Tax Systems has 117 employees.

  • What is Tax Systems revenue?

    Latest Tax Systems annual revenue is £16.7 m.

  • What is Tax Systems revenue per employee?

    Latest Tax Systems revenue per employee is £142.4 k.

  • Who are Tax Systems competitors?

    Competitors of Tax Systems include Avalara, Netvisor and FlexiInternational Software.

  • Where is Tax Systems headquarters?

    Tax Systems headquarters is located at 7 Herbert St, Grand Canal Dock, Dublin.

  • Where are Tax Systems offices?

    Tax Systems has offices in Dublin and Staines.

  • How many offices does Tax Systems have?

    Tax Systems has 2 offices.