The way companies and their advisers deal with tax compliance has barely changed over the past 20 years, but the tax environment and how people run their businesses and lives have. Against this background, what are HMRC’s plans and how should you prepare?
The UK political, social and economic environment is changing, and fast. This digital evolution has impacted the UK environment in a number of ways:
In this respect, HRMC’s digital capability is ahead of many companies, with its shift to real-time reporting ultimately introducing new requirements and risks. More specifically and more importantly for finance and tax, the evolution of the digital agenda has impacted HMRC’s governance and reporting strategy. Specifically,
Now that these changes are more likely to be in effect, what are companies looking for and what should they consider as they look to navigate this new digital environment?
The current and future environment of tax compliance can be difficult to translate and implement into your business processes. Allow our KPMG experts alongside KPMG Tax Connect to help you benefit from these new digital capabilities to ease the burden of tax compliance.
Learn more about KPMG Tax Connect and how we can help by downloading the slipsheet.
© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.