Tax risk & strategy
Getting tax right is one of the key challenges for businesses in a landscape of changing regulation. To perform successfully businesses need to be fully informed and able to make the right decisions to determine their corporate tax risk strategy and the policies they adopt.
HM Revenue & Customs (HMRC) is now scrutinising companies' tax affairs more closely than ever before, while at the same time there is increased interest from investors and the general public – control, transparency and effective communication are central.
Our experiences of working with HMRC and companies of all sizes can help you formulate the most appropriate tax risk policy and advise you on developing a corporate tax strategy. We can also help you understand the total amount of business taxes your company pays to enable you to communicate this to your stakeholders.
The right tax risk strategy will help ensure that compliance obligations are met and that tax planning is effective and appropriate. Getting it wrong can have disastrous consequences for your business.
Potential issues
- You want to identify your company's total tax contribution
- You want to better manage your exposure to tax risk and determine a suitable tax risk strategy and policy
- You want to identify tax risks or risk review a particular aspect of your tax affairs
- You want to risk review an aspect of your tax affairs
How we can support you
- Develop a corporate tax risk strategy and policy
- Evaluate your current tax risk position and identify specific existing and potential risks
- Plan strategies to help you manage your tax risk
- Advise on information powers, interest and penalties
- Risk review specific areas of tax such as entertainment costs, PAYE benefits or VAT in order to provide you with increased certainty
- Identify your total tax contribution
