A conflict
A proposal appears inconsistent with an approved tax position.
Change impact assessment
Make tax requirements part of change decisions.
Approved tax knowledge becomes a baseline for assessing the systems, contracts, processes and designs your organisation is considering.
The governing thread
- Source
- Interpretation
- Requirement
- Control
- Business decision
The assessment
Every relevant change checked against the tax requirements that apply to your business.
A focused review can identify where a proposal does not satisfy an approved position, global design decision or local-country requirement.
Identify gaps before procurement, design approval, implementation or go-live.
What can be reviewed
Use the documents teams already work with.
Relevant inputs range from early vendor material to release evidence.
Technology and design
Check how a proposed solution handles tax data, determination inputs, integrations, process steps and evidence.
- New or changed software
- Configurations and customisations
- Architecture and functional designs
- Interfaces and integration specifications
- Test scenarios and release documents
Business and commercial change
Bring tax requirements into the review of commercial and operational decisions.
- Contracts and commercial terms
- Business process changes
- Policies and procedures
- Operating model decisions
- Manual workarounds and controls
What the review can surface
Specific issues for the right owner to resolve.
The result should show the relevant requirement, the possible gap and the action or specialist review needed.
An omission
Required tax information, functionality or evidence is missing.
A control gap
A change weakens an existing control or creates manual activity without adequate oversight.
A local exception
A global design misses a particular country requirement.
Better decisions sooner
Tax implications at the point of choice.
The goal is to give decision-makers a clearer view of the tax consequences while the design can still be changed.
See the IT and technology use caseNext step
See how it applies to your business
Discuss your tax knowledge, control and change priorities with Innovate Tax.