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    Operational taxes for asset management

    Simplifying tax to avoid leaving money on the table

    Asset managers are facing several challenges with operational taxes due to the increasing complexity and scope of global tax regulations, the need for sophisticated data management and technology solutions, resource constraints, high compliance costs, and the necessity for effective risk management.

    Addressing these challenges requires a strategic approach, investment in technology, and collaboration with experienced trusted tax professionals.

    How can KPMG support you?

    Our tax technical support is comprehensive, helping you understand your tax-related risks and entitlements. We cover the entire spectrum of operational taxes across jurisdictions. Our team combines expertise in operational taxes with strategic tax reporting skills to help you manage your tax obligations more effectively.

    Our team includes professionals who have worked for custodian banks and asset managers, giving us a deep understanding of the daily challenges, you face. We bring practical insights and innovative thinking to address your operational tax issues, ensuring you can navigate the complexities with confidence.


    Our asset management operational taxes services can support you with:

    • Navigating regulatory complexity:

      The global regulatory environment for taxes has become more intricate with the introduction of regimes such as the Automatic Exchange of Information (AEOI) and the OECD’s Base Erosion and Profit Shifting (BEPS) initiatives, including Country-by-Country (CbC) reporting and Pillar Two rules. These regulations require detailed and precise reporting, often on a jurisdictional basis, which can be highly complex to manage in-house we can provide the expertise and assistance you require.

    • Data management and integration:

      Asset managers must source and integrate vast amounts of data from different systems to comply with tax regulations. This includes financial data, transactional data, and compliance data, which we often find are stored in disparate systems. The challenge is compounded by the need for accurate and real-time data to perform the necessary calculations and reporting. Our custodian dashboard can provide real time insights and reporting data.

    • Risk management:

      Ensuring compliance with operational tax requirements is critical to avoid penalties and reputational damage. The complexity of regulations and the need for precise data increase the risk of errors and omissions, making robust risk management frameworks essential.


    Case studies

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    Putting a global bank in the compliance driving seat

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    Ensuring compliance for a new ISA product

    Operational taxes case study
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    Optimising WHT recovery across the EU and beyond

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    Health-checking ISA compliance before an HMRC audit

    Operational taxes case study
    enhancing cash flow

    Enhancing cash-flow with the KPMG investment tax insights centre

    Operational taxes case study
    shoring up isa compliance

    Shoring up ISA compliance following an HMRC audit

    Operational taxes case study

     


    Our financial services insights


    Maximising returns

    Tech-enabled tax management for asset managers.

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    Our people

    Peter Grant

    Partner, Operational Tax

    KPMG in the UK

    David Wren

    Partner, Operational Tax

    KPMG in the UK

    Nigel Brook-Walters

    Wealth and Asset Management Director

    KPMG in the UK

    Nathan Hall

    Partner, Asset Management and Operational Taxes

    KPMG in the UK


    Get in touch

    Read enough? Get in touch with our team and find out why organisations across the UK trust us to make the difference.

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