K3 Capital Group plc expands service lines with acquisition of specialist tax investigations firm
Professional Services Group, K3 Capital Group plc has acquired London-based specialist tax firm inTAX Ltd (inTAX), adding tax investigations to its list of specialist services.
Established in 2013, inTAX is a specialist tax investigations and tax enquiries boutique.
The nine strong team has extensive experience in dealing 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, London. A qualified Chartered Tax Advisor, Jacqui has 17 years’ experience at Inland Revenue (now HMRC) and was an inspector of taxes on the prosecutions group where she specifically dealt with heavyweight criminal tax investigations. Jacqui also has experience at various other mid-tier tax and accountancy firms, including BDO and RSM Tenon.
The new tax investigations team will add to K3’s existing tax advisory services and will work closely with group subsidiary, Quantuma which services include restructuring, insolvency, cross border asset recovery, corporate finance and forensic accounting and investigations.
This news marks K3 Capital’s fifth acquisition since lockdown in 2020. 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 Group Plc acquired Quantuma Advisory in August 2020 and R&D tax credits specialists RANDD UK a month prior to this.
Jacqui Fleming, managing director at inTAX, said: “I have watched K3and 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”.
John Rigby, CEO of K3 Capital Group Plc said: “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 UK 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.”