The Global Tax Reset & BEPS
There is a global tax reset underway. Initiatives like the OECD/G20 Base Erosion and Profit Shifting (BEPS) project will fundamentally change the global tax landscape. Already, tax has become a significant strategic business issue. These pages will help businesses navigate this new environment.
'New' UK GAAP
The UK Accounting Council has developed three new Financial Reporting Standards (FRSs) - FRS 100, 101, and 102 - to replace existing UK GAAP (other than the FRSSE) and introduce a reduced disclosure framework for certain IFRS preparers.
Indirect Tax Survey 2015
Our third survey of UK indirect tax professionals across a broad range of industries gauges their views on their priorities and the current indirect tax environment. For the first time we have also added some questions on the impact of BEPS.
There are greater expectations on today's tax function to provide a strategic direction to the business and to collaborate across the wider organisation. Stakeholders are demanding 'no surprises' from transparent strategies, given increased scrutiny of tax matters from the tax authorities and media.