Building a tax function fit for the future
KPMG’s Tax Transformation services help companies to proactively design and build how they deliver tax requirements in a world where what they need to deliver is ever-changing. We are helping companies to design leading tax functions with a focus on people, process, technology, and governance, while also seeking to address tax risk, reputation, and compliance.
Why transform?
The world is evolving and digitising at pace and tax functions need to transform to keep up. The environment tax leaders operate in has dramatically changed. Economic uncertainty is pressuring companies to cut costs and drive efficiencies, and tax authorities continue to innovate how they administer and collect tax using technology and data.
Frequently seen triggers for Tax Transformation can include:
- End-to-end operations or finance transformation
- New legislative and/or regulatory requirements such as real-time reporting or e-invoicing
- ERP system changes
- Internal and/or external audit findings
- Changes in key tax or finance personnel
- Budget pressures
- Mergers and acquisitions activity
How KPMG can help
Tax Transformation starts with a clear tax vision and strategy aligned to the business objectives of the wider organisation. Our approach can help you to design and implement a leading tax operating model to enable you to realise value while you manage tax risk, reputation, and compliance.
Using our Powered Tax methodology, KPMG's Tax Transformation teams can help tackling these challenges focusing on the following key areas:
KPMG's Tax Transformation services professionals help organisations actively contribute to finance transformation projects helping to ensure that tax requirements are built in and tax is positioned as an enabler. We can streamline processes and help design a sourcing model which best suits business objectives and wider organisational goals across the whole spectrum of outsourcing, in-sourcing and, co-sourcing.
We can help organisations ensure existing finance and/or enterprise resource planning (ERP) systems are properly tax sensitised to provide standardised tax determination and reporting functionality across the business, as well as put in place tools to help ensure effective Country-by-Country reporting requirements are met and enable informed strategic decisions and improve performance.
Explore Powered functions
The KPMG Powered Enterprise approach to digital transformation enables each business function to see their world from a different vantage point, creating a SaaS-based digital operating model that can work for HR, Finance, Cyber, Marketing, Sales and Service, Procurement, Supply Chain, Tax and Risk.
Powered Enterprise
Instead of making transformation a goal, make it a way of working.
Patrick Fenton
Partner, Head of Functional Transformation, Powered Enterprise
Powered Finance
Drive data led change.
Stuart McMurray
Partner
Powered HR
Shape your workforce for the future.
Kate Holt
Partner, HR Transformation
Powered Global Business Services
Consumer-grade business services.
Asif Akhtar
Partner, Head of Global Business Services
Powered Cyber
Accelerate your cyber access management transformation.
Tim Fletcher
Director, Cyber Security in Corporates
Powered Supply Chain
Making supply chains seamless.
Andrew Underwood
Partner, Operational Transformation and Powered Procurement
Powered Risk
Build trust by harnessing risk.
Jamie Thompson
Partner, UK Powered Risk Lead
Powered Marketing, Sales and Service
Work smarter, using automation and insight, to improve client service and keep customers loyal.
Duncan Knight
Partner
Powered Procurement
Agile management of supply chains using leading practice.
Eniko Fulop
Partner
KPMG Powered Enterprise Target Operating Model
When embarking on functional transformation, there are big decisions to be made. Business leaders should be the driving force for the vision but need a starting point. That’s where KPMG’s Target Operating Model can help empower you to move to a 'best in class' vision. It can help you secure a more strategic functional transformation to the cloud.