With Making Tax Digital (MTD) for VAT now established and similar initiatives for Income and Corporation Tax on the horizon, the industry is embracing technology and digitalisation at pace and in ways it hasn’t done before. To remain compliant with MTD regulations, businesses will have to get on top of their data. In other words, they must understand it, know where the commonalities need to exist, and where data flows from start to finish. Unsurprisingly, this has led to growing calls within the businesses for expert Tax Data Professionals who are capable of locating, mapping and managing all relevant data. However, board-level personnel are increasingly recognising that it is the Tax Technologist, who will play a critical role in future-proofing organisations ahead of new developments and evolving tax rules. Combining exceptional impeccable collaborative skills with technical know-how, the Tax Technologist is the ultimate data and technology expert. These team members will play a pivotal role in enabling tax department teams – along with other business stakeholders - to work together and add value to the business. Finance Monthly. Bank i ng & F i nanc i a l Se r v i ce s 33
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