Business & Industry
Business of Tax 2020
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s Sponsored
Are you ready for this?
Will every company using SAP today step up to SAP S/4HANA? This is a watershed moment for SAP customers. Among organisations sticking with SAP, four factors seem to be shaping their decisions. The first factor is competitive risk. Companies already moving to SAP S/4HANA will get the benefits sooner, and those benefits can be substantial....
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Five key things to understand about SAP S/4HANA before implementing it
When it was launched, S/4HANA was positioned as an opportunity to streamline processes, automate, unlock insight and innovation: a vehicle for digital transformation. At first, the reception from big business was lukewarm. But a few years on, and with many businesses now live on S/4HANA, we have a clearer view of the benefits – but...
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Put tax at the heart of digital transformation decisions
Tax runs through the heart of every business process and so must be central to discussions around moving to a new Enterprise Resource Planning (ERP) in the cloud. What has been the impact on tax of digital transformation and companies moving to the cloud-based ERP systems? It’s providing the perfect opportunity to ensure tax is...
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Overcoming the challenges of global tax regimes
The number of global tax regimes are still increasing. As they are being implemented and refined at a jurisdictional level, they are becoming increasingly fragmented. Tax professionals have the challenge of monitoring and operationalising these requirements. The end goal of most of these regimes is the reporting of a wide range of tax-related data to tax authorities....
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Digital tax will unlock business productivity
Unlocking UK business productivity, making it easier to get tax right and providing the catalyst needed to get UK business to adopt digital technologies; the goals of Making Tax Digital (MTD) are lofty. These are extremely difficult times for all of us and HMRC is committed to helping in every way possible all those businesses...
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s Sponsored
Global and interconnected – the business of tax in the 21st century
Designing a modern-day tax system takes co-ordination on a global scale, with many players all having a part. The business of tax faces challenges in the 21st century: its role as a force for good, and the way tax systems are designed and implemented. Adapt to survive In a fast-changing world, tax systems have to...
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How small businesses can do big things for sustainability
The UK energy sector is facing the biggest transformation since the Industrial Revolution, but this change means a huge cost burden. How can small businesses address sustainability issues while staying afloat? The 26th UN Climate Change Conference (COP26) is on the horizon and attention is focused on how businesses will play their part to tackle...
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Homeowners: are you ready for residential reporting?
On 6 April 2020, a major change to tax payment dates came into force. It applies to landlords, second home owners, divorcing couples, trustees and executors–indeed any UK resident who sells or gifts a residential property situated in the UK, on which a capital gains tax (CGT) bill arises. Previously, individuals who disposed of such...
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Tax reforms for digital and multinational companies of 137 countries
From its headquarters in Paris, the Organisation for Economic Co-operation and Development (OECD) is conducting virtual negotiations between 143 countries, on major reforms to the way digital companies and other multinational companies (MNCs) are taxed. The negotiations have two elements. The first, ‘Pillar One’, reallocates where some profits can be taxed, from ‘producer’ countries to...
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The economy has changes, so must the tax
In our modern world, companies are finding it all too easy to game the international tax system to their advantage. Given the COVID-19 crisis, it is increasingly incumbent on the global community to create an updated framework to ensure a fair international tax system, tax certainty and to support international trade and investment. Globalisation and...