Making tax digital is an established trend. We are hearing lots about the different approaches from different tax authorities as they skill up for the task ahead. And the new requirement in terms of the provision of digital information continue to come thick and fast. Many companies are in the midst of wrangling with their data to try and extract the information needed to meet the impending deadlines. Most would like to proactively manage the information. We are seeing an increased interest in next generation dashboards and analytics that pull in data from a variety of sources. This enables them to connect the dots, create alerts, reconcile and facilitates the proactive management of tax. Tax digitisation is happening and it’s happening fast. There’s a lot you can be doing now to prepare. Touch base with your PwC Tax Partner to discuss further.
Partner, Tax, PwC United Kingdom
Tel: +44 (0)20 7213 4819