Ashlea Howell (Smith & Williamson) provides a back to basics guide to the current compliance issues facing UK businesses.
Tax governance has grown rapidly in importance and complexity over recent years and shows no signs of slowing down. It seems that hardly a week goes by without a news story of a company not paying enough tax new HMRC investigations or yet another reporting requirement as the government reaffirms its promise to tackle tax avoidance. Tax governance has shifted from an arguably peripheral administrative exercise to a central tax issue in its own right. There are numerous rules and requirements to navigate each with heavy reputational and financial risks.
The purpose of tax governance
The many tax governance rules taken together serve two primary purposes: allocating responsibility for tax compliance; and enabling HMRC to identify and address tax non-compliance.
The senior accounting officer (SAO) regime...
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Ashlea Howell (Smith & Williamson) provides a back to basics guide to the current compliance issues facing UK businesses.
Tax governance has grown rapidly in importance and complexity over recent years and shows no signs of slowing down. It seems that hardly a week goes by without a news story of a company not paying enough tax new HMRC investigations or yet another reporting requirement as the government reaffirms its promise to tackle tax avoidance. Tax governance has shifted from an arguably peripheral administrative exercise to a central tax issue in its own right. There are numerous rules and requirements to navigate each with heavy reputational and financial risks.
The purpose of tax governance
The many tax governance rules taken together serve two primary purposes: allocating responsibility for tax compliance; and enabling HMRC to identify and address tax non-compliance.
The senior accounting officer (SAO) regime...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
