Leading trust and corporate services provider Equiom has continued to expand its tax and VAT business, Equiom Solutions Limited, with the appointment of Derek McNutt as a Senior Tax Consultant.

Derek joins an established team of tax professionals at Equiom Solutions, which provides Isle of Man tax advice to a wide range of taxpayers and their structures including trusts and companies administered by Equiom.

In addition to providing tax advice to local individuals and companies, Derek has considerable expertise in the taxation of non-UK domiciliaries, as well as settlors and beneficiaries of offshore trust structures.

Derek has 18 years’ experience, beginning his career working in accountancy before specialising in tax. He joins Equiom from Abacus, where he held the position of tax manager for more than seven years.

Equiom Solutions has also announced Tax Director Phillip Dearden is leaving the business. Phillip joined Equiom in 2013 following its acquisition of West Corporation Limited. He commenced his career at PKF in 1991, where he became Managing Director, and has specialised in the offshore aspects of UK taxation including residence, domicile, UK anti-avoidance provisions and the taxation of non-resident trusts and companies.

Phillip commented: ‘After a long and successful career in tax I feel that the time has come for a change of direction. This is by no means the end of my working life but I am ready for a new challenge outside of the tax world. Throughout my career I have had the privilege of working with some fabulous, highly talented people – some for more than 20 years – and I will miss them dearly. However, the timing is right and I am delighted to say that I am leaving Equiom Solutions in an incredibly strong position following some key appointments to support the highly experienced and established team.’

Helen Woods, Managing Director of Equiom Solutions added: ‘Derek brings a great deal of experience to Equiom Solutions, particularly within the highly topical areas of residence and non-UK domicile taxation. This addition to the business, along with the recent appointment of Monica Dixie and the gradual expansion and development of Equiom Solutions over recent years, has created a team that is larger and stronger than ever before. This is also reflected in the steady increase in clients and the ability of Equiom Solutions to provide the highest standard of support to its fiduciary clients.’

She continued: ‘Having worked with Phillip for more than 20 years I will be sad to see him go and I wish him well for the future. I would like to thank him for his support over the years and particularly for the work he has put into developing the team we have today.’

Derek took up his position with Equiom Solutions on 3 May 2016 and Phillip will leave the company on 1 July 2016.

Photo - Derek McNutt, Senior Tax Consultant and Helen Woods, Managing Director Equiom Solutions.