Topical Insights

The latest in our series on the Tax Function of the Future, which examines the challenges that tax functions will face in the coming years, focuses on how to introduce small tax automation projects and how they can improve the tax function, support company strategy and empower tax professionals.

The fifth edition of ‘Trends in Tax Transparency’, reviewing tax disclosures in the FTSE100 (May 2018: A review of the FTSE100 for 2017 year ends), reveals an increase in tax transparency over the last 5 years. A few companies are making innovative disclosures and shaping the debate. Others are developing a strategic response to the changing tax transparency landscape.

We recently held a Business Risk Review (BRR) Seminar with HMRC. Adam Cartwright, a Corporate Compliance Manager (CCM) at HMRC co-presented with us to provide an update on HMRC's Business Risk Review Process and also provided additional insight on a current campaign being led by HMRC in relation to employee expense reviews.

December 2017 saw many companies publish their tax strategy, as regulations came into force requiring large companies to produce a public tax strategy for accounting periods starting after 15 September 2016. The majority of the FTSE100 have now published their tax strategy. With continuing public and media interest in companies’ tax affairs, many companies will want to understand how their tax strategy compares to others.

Is your business equipped to handle rapid shifts in the landscape of Indirect Tax Reporting? Do existing processes and technologies deliver the information you need to handle internal and external challenges faced on a daily basis? A PwC VAT & Statistical Reporting Lab is designed to help you navigate these questions quickly, getting you to the right result for you faster.

In our latest economics blog we explore how AI and related technologies could create broadly as many jobs as they displace in the UK over the next 20 years. However, the net impacts on jobs could vary widely by industry sector.