The way companies and their advisers deal with tax compliance has barely changed over the past 20 years, but the tax environment has. With Making Tax Digital (MTD) for VAT being the catalyst for change to real-time reporting and ultimately introducing new requirements and risks, HMRC’s digital capability is ahead of many companies. To keep up with a fast-evolving digital environment and obtain more value from compliance, you need experts who can transform your approach to tax compliance. We can help navigate this new environment, whilst reducing your burden, freeing up both time and resources.
We have combined our compliance, technology and transformation capabilities under a single framework – Tax Reimagined. We use technology to mitigate risk through automation, improve processes using machine learning, and provide useful business insight using analytics.
We can significantly speed up the data collection process (by extracting data direct from your systems and reducing the input required from your teams) and give relevant individuals visibility over the compliance progress, using KPMG’s Tax Connect platform. This will reduce the time requirement for your teams and enable them to focus on what they do best, leaving the compliance matters to our specialists.
Contact us to find out how we can help you navigate this new digital environment and reduce the burden of corporate tax compliance.