Tax Systems - Bowmark Capital

Investment March 2019

Business ModelSoftware

Business Tax Compliance Software

Growth StrategyOrganic Accelerators Digital Transformation

Why we invested

The aim of HMRC’s “Making Tax Digital” is to improve efficiency and make it easier for businesses to “get their tax right”. The initiative is driving changes in the way companies report their tax positions, starting with VAT and to be followed by corporation tax and income tax. As the established leader in corporation tax software in the UK and Ireland, Tax Systems was uniquely positioned to capitalise on these market opportunities and to drive the digitisation of tax reporting.

Number of customers

>1,300

The story so far

With Bowmark’s support, Tax Systems is significantly enhancing its product and service suite to become a cloud-native leader in the UK tax software market.

The company has successfully introduced a new compliance and workflow product for VAT, thereby expanding its range of services into this new area of taxation. It is also undertaking a significant enhancement of its corporation tax and data extraction product suite, which will create a unified end-to-end cloud enterprise platform, thereby further improving the functionality and user experience for both existing and new clients.

It has been an absolute pleasure working with the Bowmark team. They understood our business very quickly and grasped the critical drivers and market potential. Gavin Lyons,Vice Chairman