At the end of 2015, HMRC launched its ‘Making Tax Digital’ roadmap, which is expected to bring tax compliance into a digital era. Changes for businesses include a new reporting standard that requires companies to report their tax information quarterly.
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Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.