A recent survey assessed views of large businesses on tax strategies. Nearly two-thirds of respondents said tax was discussed more often at Board meetings than five years ago. 72% now have a Board approved strategy in place. In terms of tax priorities for the business, reputational issues were of most concern, with managing the tax charge or effective tax rate a close second. There were mixed views on HMRC’s proposed new code of practice, and businesses seem somewhat lukewarm in their response to increased scrutiny on their tax affairs.
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A recent survey assessed views of large businesses on tax strategies. Nearly two-thirds of respondents said tax was discussed more often at Board meetings than five years ago. 72% now have a Board approved strategy in place. In terms of tax priorities for the business, reputational issues were of most concern, with managing the tax charge or effective tax rate a close second. There were mixed views on HMRC’s proposed new code of practice, and businesses seem somewhat lukewarm in their response to increased scrutiny on their tax affairs.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
