Tax is no longer an activity that can be confined to a few individuals in your Finance function – tax is gaining profile. And this trend is set to continue, so Boards and senior management will naturally want assurances that all material tax risks have been identified and are being managed appropriately.
The need for transparency in tax matters is increasing, as shown by HMRC’s requirement for large businesses to publish a “tax strategy” document explaining how tax risks are managed, attitudes to tax planning, levels of acceptable tax risk and the business’s approach to working with HMRC.
Companies’ Senior Accounting Officers will already be used to providing HMRC with an annual confirmation that appropriate tax accounting arrangements have been maintained during the year.
We can help you assess the tax risks in your business and give you the confidence that derives from an independent review of your tax position and the effectiveness of systems and controls.