United Kingdom

Tax Management Consulting 

Managing tax in a large organisation is a complex task. What is leading practice and what are other large companies doing to manage taxes across their business?

Tax functions need to adapt to a changing world with mounting regulatory and cost pressures. They must get to grips with how to manage communication with the wide range of stakeholders that are now interested in tax.

 

Knowing how to address these challenges can be a daunting task. We can help you assess the specific challenges you are facing and use our experience to develop and implement a tailored approach for your business.

 

In our experience the challenges and the solutions can be grouped into the key elements of Governance, Compliance and Technology

Governance

Governance

What is your strategy? How do you make it happen? 


In our experience, setting a strategy, putting in place a governance framework and bringing this to life are the building blocks to success. We can help you:

 

  1. Establish a clear tax vision and strategy
  2. Determine your appetite for risk, including reputational risk.
  3. Implement processes and controls to manage your tax risks.
  4. Oversee your global tax data and develop a strategy to communicate your tax position.
  5. Create the right operating model for your tax function.
  6. Implement a governance and control framework.
  7. Benchmark your tax function and put in place relevant key performance indicators (KPI’s).

Compliance

Compliance

What is the most effective and efficient way of managing your statutory obligations? 


In the push for efficiency and cost saving, companies are continuing to review and transform their finance functions. Tax functions must keep up with these changes. 

 

We still see a trend amongst global business towards centralisation, centres of excellence and shared service centres.  It is important not to overlook tax and statutory responsibilities.  We can help you:

 

  1. Actively contribute to finance transformation projects.
  2. Assess your sourcing options to determine how you can manage your tax and statutory obligations.
  3. Streamline, standardise and automate processes applying Lean Six Sigma methodology.
  4. Understand your real cost of compliance and build a business case for change.
  5. Manage country compliance obligations through our dedicated Global Compliance Management Services (GCMS).
  6. Gain visibility and control of your local requirements, enabled by our KPMG LINK 360 technology and project management specialists.
  7. Manage all tax reporting aspects.
  8. Proactively manage your relationships with tax authorities and support you in resolving tax disputes.
  9. Gather and analyse data required for country by country reporting.

Technology

Technology

How can technology improve your efficiency and control?
 

All too often, businesses will fail to maximise existing finance platforms’ tax functionality, or will invest in additional tools without knowing what they need to achieve. We can help you:

 

  1. Ensure your existing finance and/or enterprise resource planning (ERP) systems are properly tax sensitised.
  2. Put in place tools to give you all the management information you need over tax filing, payments and risks.
  3. Identify weaknesses in your business and tax processes and put in place data analysis tools.
  4. Deliver potential cost and resource savings through greater automation.
  5. Access faster, more accurate reporting and forecasting data, to enable informed strategic decisions .
  6. Use technology to help you comply with country by country reporting obligations.

Contact

Julie Hughff

Julie Hughff

Partner

KPMG in the UK

020 7311 3287

Email Julie

Video - The current state of compliance

Video - The current state of compliance

 

Chris Scott, Head of Global Compliance Management Services, talks about the current state of tax compliance, governance and processes as well as global trends in these areas.

Events

  • Next Tax Management Club on 15 July 2014