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About In House Tax

About In House Tax

This weblog is a news and views site for tax professionals within the UK and international in-house tax community.  You will find information about appointments and people moves in and around the in-house tax market, issues affecting the in-house tax professional, opinions on the state of the tax job market, updates on tax technology, and other general thoughts of the day.

Hope you find it useful.

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Location: St Albans, United Kingdom

This site has been developed by Simon Godley, who also runs the niche tax recruitment company Talentpool Selection . Simon spends a lot of his time placing tax specialists into FTSE companies, large in-bound groups and some professional services organisations. He also recruits and is well networked around the UK tax technology and VAT markets.

Tax News

Future operations of the in-house Tax Function

Friday, 20 January 2012

By Simon Godley

As a recruitment specialist in the tax systems, process & technology market, I am curious and intrigued by how the operations of the tax function (particularly for the large multinational) will change over time, say over the next 5 years. I would also like to consider over the next 10 years, but that could be somewhat crystal ball stuff.

Should we expect SAP and tax to be fully interfaced?

Should we expect the tax database engine to be a more 'mainstream' technology?

Should we expect tax determination and tax return software to work smoothly together without any manual interventions?

Will an IT system have sufficient data and information built into it to remove the need for any human judgement on tax figures or disclosures?

Will a Group Tax Director be reviewing the tax compliance status for different countries / entities on his/her iPad via a cloud service?

Many contacts of mine in the market are very certain that tax systems are the future of the tax function, but I'm interested to know how this may unfold.
Given I am talking of these developments now, they are undoubtedly on our horizon, if not in some cases already happening.

Any views on this from people close to these technologies greatly appreciated.

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posted by Simon Godley


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