Award

Corporate Tax Service

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

29 Oct 2025 at 10:55

Summary of the contracting process

The Financial Services Compensation Scheme Limited, based in London, is managing a public procurement process for corporate tax services under the CPV classification 79222000, focusing on tax-return preparation services. The contract, valued at £27,000, was awarded to Ernst & Young following a direct procurement method through a single tender action. The services include completing the FSCS's tax return and preparing corporation tax computations based on FSCS's accounts. Key dates in the procurement process include the award date of 15th June 2025, with the contract period spanning from 1st July 2025 to 30th June 2029. The location of service delivery is specified as England, United Kingdom, and although the tender process is complete, it represents significant opportunities in the services industry category.

This procurement represents an opportunity for businesses specialising in corporate tax services to engage with a prominent financial organisation in London. While Ernst & Young secured the contract, the nature of the services required points to potential opportunities for large-scale consultancies with expertise in tax preparation and compliance services. It's essential for interested firms to consider similar forthcoming tenders, as these can provide fertile grounds for expanding their client base within the UK and potentially offer long-term collaborative opportunities with high-profile clients like the FSCS. Small and medium-sized enterprises (SMEs) may need to reconsider their approach, as this tender's suitability was directed away from SME and VCSE participation.

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Notice Title

Corporate Tax Service

Notice Description

Provision of corporate Tax Services, including completing FSCS' tax return and preparing corporation tax computations based on the FSCS' accounts and other information supplied.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-30c6ea0d-2161-47f7-ae62-255335f2d61c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fabb0064-4279-4410-a2f7-f9a434c2c2eb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79222000 - Tax-return preparation services

Notice Value(s)

Tender Value
£27,000 Under £100K
Lots Value
Not specified
Awards Value
£27,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Oct 20253 months ago
Submission Deadline
1 Jun 2025Expired
Future Notice Date
Not specified
Award Date
14 Jun 20258 months ago
Contract Period
30 Jun 2025 - 30 Jun 2029 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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