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How business delivers tax operationally

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.

How business delivers tax digitally

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.

RR+, Low Risk Rating and CRS/FATCA

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).

How Tax is leveraging AI - Including machine learning - in 2019

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.

The Digitisation of Tax Compliance

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?

EU MDR - are you ready to be compliant?

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.

Tax Function of the Future - Six Priorities for your Tax Agenda

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?

Tax Function of the Future - Brexit and six “no regret” actions for your Tax Function

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.

EU MDR - are you ready to be compliant?

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.

DAC6/ EUMDR

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.