What the tax director really wants for Christmas

There is never a holiday season for tax especially when it comes to managing tax risk and ensuring tax operations are appropriately structured and controlled.

Tax risk is a key strategic risk for a business and is increasingly on the board’s agenda. As our world becomes ever more complex and the drive from governments and tax authorities unrelentingly moves towards self-accountability and self-regulation boards are increasingly looking to embed strong governance controls and reporting frameworks within their operations. Put simply there needs to be a culture of no surprises when managing tax and assurance that tax is operating effectively across the business. Is that too much for the tax director and chief financial officer to want for Christmas?

This year we were delighted to win the best specialist tax team at the Taxation Awards 2022. I am very privileged to lead our national...