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

UpdateTax Policy

15 May 2020

PublicationOur work on the future of audit & assurance

4 May 2020

UpdateTax Policy

30 April 2020

UpdateTax Policy

17 April 2020

PublicationThe scope of bank audits in Europe

8 April 2020

UpdateTax Policy

3 April 2020

EventPostponed: Enhancing reliability of non-financial information

23 March 2020

UpdateTax Policy

20 March 2020

EventPOSTPONED: Taxing smart, taxing green

17 March 2020

EventPostponed: Implementing ESEF

10 March 2020

UpdateTax Policy

6 March 2020

PublicationAccountants & Tax

25 February 2020

UpdateTax Policy

21 February 2020

PublicationTowards reliable non-financial information across Europe

19 February 2020

EventTax Day 2020: We’re all in this together!

19 February 2020

UpdateTax Policy

7 February 2020

UpdateTax Policy

24 January 2020

UpdateTax Policy

10 January 2020

NewsMeet Christian Orth – our new Audit & Assurance Policy Group Chair

7 January 2020

PublicationIndependent assurance on the European Single Electronic Format

19 December 2019

Sign up for our newsletter