The UK's new Corporate Criminal Offence of failing to prevent the facilitation of overseas and domestic tax evasion comes into force on 30 September 2017 – so companies need to prepare.
The UK’s new Corporate Criminal Offence: Are you prepared?
Tax incentives in Asia-Pacific
Worldwide Corporate Tax Guide 2017
Managing indirect tax refunds
Outlook for global tax policy in 2017
Tax transparency’s new normal
Prepare for the major new corporate criminal offence
Law: An integrated multi-disciplinary approach
Seeking certainty as tax disputes increase
We’ll help you navigate the global tax landscape
Business and tax landscapes have changed dramatically, and the pace and complexity of change continues to increase. Governments are tempering the need for revenue with increased competition for labour and capital. Tax authorities are adapting enforcement strategies, focus and policies in response to changing business dynamics. Companies are balancing competing priorities, ensuring they maintain compliance while adding value.
We can help you with these critical issues in today's tax environment, including:
Building a business tax blueprint for the UK post-Brexit
Building the balance: Cooperative compliance in practice
Engaging with HMRC
255K, July 2015
New measures applicable from April or July 2016
494K, December 2015
Corporate Governance Code meets Tax Code of Practice
203K, July 2015
- Seizing the opportunity in Global Compliance and Reporting
Global Compliance and Reporting (GCR) is at a tipping point, with risks on the rise. Many companies distribute responsibility for GCR processes throughout their organization, creating a patchwork. Local jurisdictions are rewriting regulations, focusing more intently on the collection of tax revenues and sharing more taxpayer information across borders.
Due to the combination of evolving business models, transforming finance functions and an increasingly complex regulatory landscape, there are new opportunities to better optimize efficiency, control and value, to help mitigate risk and improve performance.
What is Global Compliance and Reporting?
GCR comprises the key elements of a company's finance and tax processes that prepare statutory financial and tax filings as required in countries around the world. These duties include:
- Statutory accounting and reporting
- Tax accounting and provisions
- Income tax compliance
- Indirect tax compliance
- Governance and control of the above processes
GCR activities reside in the middle of a broader set of record-to-report (R2R) processes. R2R is the intersection between any company's finance and tax departments and is used to capture, process and store information that is essential to statutory accounting, tax compliance and reporting. Any change to R2R processes, information, finance systems, roles and responsibilities will have a direct impact on GCR processes.
Helping you meet the new GCR demands
Fast changing compliance and reporting requirements are more demanding on tax and finance functions today than ever before. So how do you improve control and quality, manage risk, create efficiency and drive value?
Our market-leading approach combines standard and efficient processes, highly effective tools and an extensive network of local tax and accounting subject matter professionals.
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EY Tax Webcast: Brexit and Article 50: What’s next for business?
What comes first, opportunity or threat?
Our International Trade, Economics and Policy team delivers powerful business insights to help you understand today’s changing landscape and identify growth opportunities. Together we can navigate Brexit uncertainty.
What Brexit means for businesses
We explore the implications of the UK’s decision to leave the European Union.
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