United Kingdom

Corporate Tax Compliance 

Managing your compliance processes can put an ever-growing burden on your company. HMRC expects you to get your tax right and with their risk-based approach and Senior Accounting Officer (SAO) certification and XBRL filing requirements, require visibility into your tax, financial and accounting processes, technologies and controls.

What's on your Mind?

 

  • Maintaining an efficient tax compliance process - from historical accounting information to post-submission work.
  • Reducing the time spent on data gathering and analysis.
  • Ensuring that appropriate disclosure is made of positions taken within the tax return.
  •  Dealing with HMRC's risk-based approach and their increasing focus on corporate governance in tax. Ensuring that tax systems are robust to help ensure that SAO certification can be signed and on-line filing can be made under XBRL.

 

Bringing you Peace of Mind

 

  • Advice on your approach to tax governance, corporate tax compliance, management of your tax risk and your relationship with HMRC.
  • Support in designing your approach to tax data extraction and analysis.
  • Tax accounting and provision preparation and review.
  • Preparation, review and submission of corporate tax returns. 
  • Assistance with HMRC enquiries and dispute resolution.
  • Global Compliance Management Services.

 

What's in it for you?

 

  • Insight into the latest tax authority thinking and major developments affecting your business, such as SAO certification and the impact this has on your tax systems and reporting.
  • Support configuring your accounting systems to make the  tax compliance process more efficient and robust.
  • Advice on claims and elections.
  • Sharing our experience in leading/facilitating and resolving HMRC enquiries in correspondence, meetings and through dispute resolution in the most appropriate way.

 

Why KPMG

 

  • We make it personal - when it comes to corporate tax compliance, we make it personal, understanding your objectives, systems, culture and tax risk - because that is the best way to approach tax compliance for your business.
  • We have over 550 members of staff who are dedicated to Corporate Tax Compliance.

 

Case Study

 

  • As a result of a reduction in tax department headcount, we took over responsibility for corporate tax compliance for a telecoms group with a large UK presence.
  • This included the preparation of 30 corporate tax returns, automation of the collation of tax information using our Tax Cube technology and bespoke data mining facilities using our Global Tax Management System technology.
  • This resulted in improved visibility and co-operation between the finance and tax departments within the organisation, a robust audit trail from accounting data to the tax returns, more timely submission of tax returns and an improved relationship with the tax authorities.
  • Importantly the in-house tax resource were able to shift their focus to strategic opportunities delivering cash tax savings in the business.

Contact

Contact

Julie Hughff

 

Partner
KPMG LLP (UK)

 

020 7311 3287

julie.hughff@kpmg.co.uk