With ever increasing tax compliance requirements and greater transparency on tax, demonstrating effective tax governance has never been more important for tax functions. Maintaining an effective tax control framework is now an expectation of both internal and external stakeholders. Tax authorities across the globe are increasingly focussed on how effective tax governance can prevent errors and reduce tax gaps.

KPMG is uniquely positioned to help your organisation navigate tax authority governance requirements and embed effective tax risk management and governance within your tax processes. Our approach is centred on the experience of our diverse team of tax governance specialists with an emphasis on adopting a commercially focussed and global approach to mitigating tax risks and using technology as a key enabler.

Our tax governance specialists can support you across the full breadth of your tax processes, whether it’s navigating ESG T&L SAO compliance in the UK, helping you to identify and manage tax risks globally through building your tax control framework or embedding tax governance into your ERP system, Pillar 2 or tax reporting processes. We also ensure that you’re well placed to articulate your approach to tax and tax governance, whether doing so internally or externally.

John Georgiou

Partner, Tax Governance

KPMG in the UK

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UK tax governance

We can help you to navigate the full range of UK tax governance requirements, including Senior Accounting Officer certification, developing reasonable prevention procedures in respect of the Corporate Criminal Offence for failing to prevent the facilitation of tax evasion as well as articulating your approach to tax in discussions with HMRC as part of the Business Risk Review process. We have a track record of helping businesses secure improved tax authority risk ratings.
Global tax governance

Tax functions working within multinational businesses often need to have visibility of tax risks across several countries. Tax authorities across the globe increasingly expect multinationals to maintain a tax control framework to help identify and mitigate tax risks. These drivers mean that tax functions often need a global approach to tax governance; an approach that can satisfy the expectations of different tax authorities. We can help you with improving your visibility through global tax health checks and with developing a control framework that can operate across borders.
Tax transparency

Stakeholders are demanding increased transparency over tax. This often requires businesses to explain their approach to tax, including their tax risk appetite. At KPMG, we work with businesses to develop their narrative around tax, whether it forms part of their mandatory Tax Strategy publications in the UK, sustainability reports, CSRD disclosures or complying with voluntary standards such as GRI 207. Our support extends to both the qualitative and quantitative elements of these publications, including helping to collate Country-by-Country or Total Tax Contribution Data.
Embedding tax governance into your tax transformation

Businesses are constantly transforming their tax and wider finance functions. These transformations vary but often involve updating ERP systems and/or evolving their operating models. Whilst these transformation programmes present an opportunity to drive standardisation and efficiency, they often require robust governance and programme management. At KPMG, we can help you with successfully navigating tax transformation programmes through embedding robust governance into their delivery and proactively identifying potential risks to their successful execution.
Transactions

Tax governance is increasingly under the spotlight as part of business transactions. Being able to demonstrate that your business has the appropriate governance in place given the size and complexity of the business is a key driver of value. Similarly, listing requirements require you to have the right level of visibility and control over key areas of risk. At KPMG, we can support you with ensuring that you’re ready for a future transaction or listing. We also help businesses with integrating newly acquired targets to ensure that tax processes and controls are aligned.

Implementing AI safely within your tax function

AI presents a significant opportunity for tax functions; it also presents a range of new challenges. As AI is increasingly embedded within tax functions, key stakeholders including tax authorities will want to understand what safeguards are in place to ensure that AI is used appropriately and that humans remain involved in key decisions. Our multidisciplinary team can help you to develop a framework to ensure that you safely and securely embed AI within your tax function. Effective governance over the use of AI within their tax functions is now a must for tax leaders.