Indirect taxes

Managing indirect taxes requires a strategic, comprehensive approach.

In a global environment characterised by the increasing popularity of VAT and other indirect taxes— and complicated by new regulations and capital requirements—it is more critical than ever to manage your indirect taxes with an eye toward optimising cash flow and reducing risk.

PwC has the team, the tools and the multi-disciplinary approach to deliver the solutions you need today, and face the indirect tax challenges of tomorrow.

How we can help you

VAT and other indirect taxes are becoming a bigger focus for companies today for a number of reasons:

  1. Indirect tax compliance is hitting the Board agenda - due to cost of compliance, financial penalties and reputational risk. This can be caused by lack of visibility and control around indirect tax compliance - late filings, late payment of VAT/GST, late registration, incorrect postings on returns, increased tax authority audit and scrutiny.
  2. Globalisation of trading footprint - whether through movement of goods caused by complex supply chains; increasing European or global customer base and trading presence; or traditionally domestic businesses trading online and creating compliance obligations in other countries.
  3. Business are changing how they traditionally operate in the finance and tax space - due to headcount pressures; budgetary restrictions on recruitment; downsizing; shared service centre centralisation of business processing (and reporting); cost reduction initiatives; shift in ownership of indirect tax compliance from finance to tax or vice versa.

To make sure that you're managing the increasing needs for indirect tax compliance, we have teams, tools and the multi-disciplinary approach to deliver the solutions you need today, and face the indirect tax challenges of tomorrow.

What we offer

  • Support in all aspects of indirect taxation:
    • global, regional and domestic projects of varying size and complexity;
    • large or small, complex or routine, comprehensive restructuring projects or reporting/reclaiming VAT using a single form.
  • Indirect tax advice in everyday operation
  • Audits of indirect tax processes and reporting
  • Training of your personnel in order to reduce the business’ risk exposure
  • Translating the specific indirect tax treatment of your transactions into your ERP systems and design specific processes and controls.
  • Technology tools to help your indirect tax compliance

Value added to your business

  • VAT, GST and other consumption taxes become truly managed taxes – given the attention needed considering the significant amounts of money involved. 
  • Both cash flow and costs aspects of indirect taxes are managed sustainably, contributing to your company’s profitability.
  • You will have full control of your indirect tax situation and the risk of non-recovery of taxes is significantly reduced: 
    • you will no longer need to be concerned with the consequences resulting from errors (either your own or your suppliers’); 
    • nor will you be at the mercy of tax authorities in foreign countries.

Indirect tax management life cycle

We see indirect tax management as being subject to, and indivisible from, a continuous improvement process. This life-cycle approach develops each building block by means of an iterative process, evolving the level of controls step-by-step, and thus increasing management’s comfort in this area.

  • Strategy & Governance
  • Compliance, Tax Return Generation
  • Processes and controls
  • Technology and Indirect Tax Accounting

Decades-long experience in business process management and data analytics, together with the latest developments in digital technologies, are incorporated in this renewal (“reengineering”) of the indirect tax function.

Customs, Excise and International Trade

We focus on helping companies reduce international trade costs, mitigate import/export risks and improve supply chain efficiency in one region or globally. By taking a holistic view of the business, its markets and the overall industry trends, we provide practical advice that offers more than just a "quick fix". We believe that customs and trade must be a prominent feature of any supply chain review or strategic planning process.

  • Export from the country of manufacture
  • Overseas Import
  • Overseas Re-export
  • Overall Supply Chain Management

Indirect tax tools & resources

GlobalVATOnline

PwC GlobalVATOnline is an online subscription service. It provides up-to-date business critical information on VAT/GST rates, rules and requirements around the world to help you maintain control, mitigate risk and improve the overall effectiveness of your VAT/GST function.

Register now

Taxation of the digital economy

Digital businesses and ecommerce are taxed increasingly all around the world based on the place of consumption. PwC’s ebiz blog has information about recent trends in this area.

Read the blog

Contact us

Jo Bello
Global indirect taxes leader
Tel: +44(0)207 804 3147
Email

Follow us