Transcript: Tax information reporting services

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Tax information reporting services

The fight against tax evasion by the world’s governments who are pushing for ever greater tax transparency, is clear for all to see.

This has led to the automatic exchange of customer information by financial institutions to tax authorities.

To do this you require a system that can interrogate, consolidate and transmit large amounts of data quickly and accurately to tax authorities and customers.

Recognising the need for such a system, PwC’s tax information reporting services are introducing a ‘best in class’ software solution.

PwC has now acquired Ellis Financial Systems.

Ellis’ software has been designed in consultation with leading professionals and is already used by some of the world’s largest financial institutions.

This software will allow you to generate tax reports for customers and information reports for tax authorities.

Let’s look at each of these in turn:

Tax reporting

Ellis have been providing tax reporting solutions for many years to satisfied customers, allowing you to:

  • produce complete and accurate tax reports across several jurisdictions
  • add new countries and functionality making this a future proof solution
  • it can be fully integrated into your system or you can have us host it for you
  • it comes with outstanding capital gains tax calculation ability, and
  • has unique ‘what/if’” scenario planning

Information reporting

New and demanding legislation requires you to report sensitive customer data in a secure and auditable way to tax authorities.

We have invested in bringing you a solution you can rely on year after year that accommodates country specific requirements and leaves an auditable trail.

Our service provides you with a flexible and integrated solution for all your client and tax authority reporting needs.

You can find more technical information at the end of this film.

We’d like to help. If you want to know more, please contact us at tax.info.report@uk.pwc.com or visit pwc.co.uk/taxinforeport

 

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