Publication

31 May 2018

Providing support in tax controls and assurance

This publication explores new concepts in tax based around enhanced transparency: tax control frameworks, tax assurance and co-operative compliance.

  • A tax control framework (TCF) is a set of internal controls implemented by a business over its tax function. The TCF aims to minimise the financial and reputational risks from a tax return being filed late or with incorrect or disputed information.
  • Tax assurance is simply external assurance on the design and\or operation of the TCF – increasing confidence for all parties that it is fit for purpose
  • Co-operative compliance is a legal structure implemented by national tax authorities to allow enhanced exchange of information between taxpayer and tax authority. For the tax authority, it allows the redeployment of resources to focus on non-compliant taxpayers and for the taxpayer it promises better legal certainty of their tax position with the possibility of a lighter – touch tax audit regime.

These developments offer significant advantages for taxpayers and tax authorities. Professional accountants can use their skills to help clients design systems that mitigate tax-related risks. Auditors can apply their skills to provide assurance on a client’s tax control framework. This publication also covers practical aspects professionals should keep in mind when providing such services.

Related content

PublicationFAQs: all you need to know about the Corporate Sustainability Reporting Directive

23 November 2022

PublicationSustainability education

14 November 2022

UpdateTax Policy

4 November 2022

EventMembers’ Engagement Day

19 October 2022

UpdateTax Policy

14 October 2022

Consultation responseEC’s consultation on tax evasion and aggressive tax planning in the EU

12 October 2022

UpdateTax Policy

2 September 2022

UpdateTax Policy

8 July 2022

PublicationPublic audit oversight

29 June 2022

EventSustainability assurance under the CSRD: practical implications

22 June 2022

PublicationDefining a public interest entity

21 June 2022

Consultation responseEC’s consultation on new EU system for withholding taxes

17 June 2022

PublicationStronger internal controls to reduce corporate risks

17 June 2022

UpdateTax Policy

10 June 2022

PublicationNon-audit services

30 May 2022

PublicationMandatory rotation of auditors

30 May 2022

UpdateTax Policy

16 May 2022

PublicationSustainability assurance under the CSRD

10 May 2022

UpdateTax Policy

21 April 2022

Consultation responseEC’s consultation on VAT in the digital age

30 March 2022

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?