Helping business deliver tax - surely there must be a better way?

Tax functions need to support your business aims, adding value as well as ensuring compliance.  We can help you develop and implement a tax strategy that is aligned to your wider business objectives. bringing our expertise and market-leading business and strategic insight to help you deliver.

The increasing complexity of the regulatory, reporting and legislative landscape means that simply complying with all your business's tax needs is a difficult task. PwC can help you deliver tax in a more efficient, cost effective way so that you can meet the needs of the business, shareholders, tax authorities, your employees, other stakeholders and society.

No matter what tax delivery problem you are trying to solve we bring our expertise and market-leading digital knowledge to help you deliver value by way of reducing cost and time to serve, managing tax risk, improving quality of tax reporting and offering insights into your tax affairs. Our Intelligent Digital approach balances business understanding with technology innovation and human insight.

Following the introduction of HMRC’s new approach to Business Risk Review + in October 2019, we are starting to see some key themes emerging. We highlight what these are and what businesses can be doing now ahead of BRR+ assessments.

HMRC has published its latest numbers on live investigations and opportunities under the Corporate Criminal Offence (CCO) rules continuing to highlight its approach to monitor and review organisations’ actions. With the introduction of the government's economic measures to tackle the impact of COVID19 such as Coronavirus Job Retention Scheme (CJRS), organisations are left to navigate the complexities of changing obligations under SAO, CCO and BRR.

We have confirmed with HMRC that SAO filing deadlines have been revised to align with the recent Companies House accounts filing extensions. At its simplest, a limited company with a 31 December 2019 year end for instance, would normally have to file its accounts with Companies House, and its SAO certification with HMRC, by 30 September 2020. The new rules provide for a three-month extension in this situation, moving both filing dates to 31 December 2020.

Discover five practical ways collaboration raises the game for your virtual tax department.

Organisations are facing many new business and operational challenges in the current environment and these come on top of on-going business as usual requirements. One such BAU deadline is the Senior Accounting Officer certification and for many businesses, this has a fast approaching filing date.

EU Member States have largely implemented the EU’s DAC 6 Directive on the Mandatory Disclosure Regime, in readiness for 1 July 2020. However, there are local variations in interpretation of the directive and these demand careful consideration by taxpayers and intermediaries. This article takes a closer look at the variations and offers practical insights on the impact.

Following the introduction of HMRC’s revised Business Risk Review (BRR) process on 1 October 2019, we have seen a number of changes in the way HMRC approach and conclude BRR cases.

An excellent US perspective on the importance of scaling automation in the coming three years and the strategic role the Tax function has in that. Based on the responses of senior-level decision makers, this gives a fascinating insight into how business leaders rate the implementation of automation “at scale” in the future success of their organisations.

Increasingly, we are seeing tax functions look to technology to help manage and deliver tax, as domestic and global requirements get ever more complex. However, deciding what tax technology is right for your organisation can seem even more baffling. Find out how our technology-agnostic experts bring their insights and experience to work with you through each step of the tax technology process.

If your organisation is already reporting under the Global Sustainability Reporting standards, or you are looking to develop your voluntary tax disclosures, you should be aware that GRI 207: Tax was published on 5 December 2019. To remain GRI compliant, you need to follow the new tax standard.

Following the recent relaunch of HMRC’s Business Risk Review Process, (BRR+) there is now a clearer definition of the low risk indicators that HMRC will apply when how it risk rates taxpayers. As a result, careful consideration needs to be given to the governance, risk and control model used to demonstrate compliance with the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA).

Many businesses outsource one or more tax services without, perhaps, fully appreciating they have on-going responsibilities in relation to those services. Find out how a routine customs duty enquiry from HMRC led to an unexpected turn of events where services had been outsourced to a third party.

The Fourth Industrial Revolution is already upon us and all around, we’re seeing increasingly fast technological change that impacts our work and life. For Tax and Finance functions AI and machine learning, blockchain and 3D printing to name but a few technologies, are driving innovation and helping businesses deliver. In this exciting edition from The Tax Function of the Future series, we focus on how the tax function can successfully leverage AI and machine learning.

From 2007 to 2012 there were only 5 ‘data-led’ tax compliance obligations in Europe. The rate of adoption has since tripled with a further 24 requirements, including the UK’s Making Tax Digital, in the period up to 2020. So what can multinationals do to ensure their data is robust and systems able to comply with these obligations?

Watch this short (4.5 minute) video outlining the key features of the new HMRC process and the impact on large businesses in the UK.

1 July 2020, the date from which the full EU Mandatory Disclosure Regime comes into force, is fast approaching. Get yourself up to speed with the key themes businesses should be aware of and expert insights on what steps businesses should be taking now, with this recording of our recent EU MDR webcast.

Following HMRC's pilot of the new Business Risk Review (“BRR”) process HMRC have now finalised the low risk indicators that will be used and released a FAQs sheet confirming go live from 1 October 2019.

Initial feedback from the second pilot of the International Compliance and Assurance Programme (ICAP 2.0), indicates it has been a great success. In this update, we look at what that feedback is, what improvements need to be made and what lies ahead

We know from our own experience that EU MDR, imposes significant compliance and reporting requirements on many businesses. To help you navigate these complex rules, PwC has devised a systematic approach to developing EU MDR compliance, based on five key steps most organisations are likely to need to follow. This approach enables organisations to properly understand the regime, identify how the rules might impact transactions and what processes there should be in place to identify, analyse and report relevant arrangements.

In these uncertain times, changes to tax policy across the world have brought uncertainty and complexity, causing businesses to rethink where and how they operate. Trade controversy has intensified, adding another dimension to global business concerns. At the same time rapidly evolving technologies continue to impact the way people live and work. Is your Tax function ready for these changing times?

Brexit continues to be a rapidly evolving situation with extremely disruptive implications for how businesses pay tax and develop tax strategies. Keeping track of rapid political developments is the relatively easy part. Although Brexit dominates the headlines now, it’s not unusual for businesses across the world to face constantly shifting political landscapes that make tax planning both essential and difficult. The lessons learned from Brexit are transferable and it is possible to develop resilience to withstand tax disruption on this scale.

We’re well into the transitional period for EU MDR, also known as DAC6. The clock started ticking back on the 25th June 2018, requiring businesses to record all EU cross border arrangements that fall within certain hallmarks, to the tax authorities. All reportable cross-border arrangements that originated in the period from 25 June 2018 to 1 July 2020 must be disclosed to HMRC by the 31 August 2020. How confident are you that people in your organisation understand the new EU MDR requirements and hallmarks? And can they identify and disclose reportable transactions correctly? Based on our experience, we’ve developed a five step approach to help you ensure your business is compliant with the requirements.

Although data is not a new issue for tax it is fast turning into one of the major enablers for future state tax functions.

The growing automation trend promises to transform the Tax environment. Leading Tax functions are embracing this trend, leveraging new available tools to gain efficiencies and expanded capabilities in a quick time frame

Making Tax Digital for Business (MTDfB) is the government’s policy to move all business-related tax reporting online.The Global tax landscape is shifting as tax authorities demand an ever increasing volume of data from taxpayers.

Close attention goes into setting the right transfer pricing policy and ensuring that it is implemented appropriately from a commercial and legal perspective.

There have been several recent additional drivers behind why a robust, business aligned, Tax Control Framework is becoming an essential feature of any global business

From 25 June 2018 certain cross-border transactions need to be reported to the tax authorities. PwC can help you understand the new rules and assist you in meeting your reporting obligations.

Access the latest analysis and legislative change

Our perspectives are a series of in depth thought leadership papers considering topical matters impacting how businesses deliver tax.