Tax Considerations in the Global Environment: The Lesser-known Side of Tax Technology Susie Crew FCA Client Director – European Tax Practice, FiscalReps Felix Welch IT Project Manager, FiscalReps

Overview Who are we? Why are we holding this session? Key countries Challenges Faced with tax authorities technology FiscalReps 2015 technology strategy Conclusion

Who are we? Susie Crew Client Director of European Tax Practice Country Specialist o Italy o Slovenia o Finland o San Marino Felix Welch IT Project Manager Previously a Client Manager in the European Tax Practice Product Owner for taxbox®, taxDNA® and myFiscalReps Manage IT within FiscalReps

Why this session? Consider what the problems are and what potential solutions exist. 1.Software to create tax returns 2.Online submissions Specifically looking at: 1.Challenges for compliance 2.Solutions

Statistics 80 tax returns submitted in Italy each month 4 updates since January 2014 in Italy 170 online tax returns during September in Spain 9 out of 25 countries have eReturns of some kind

Demo of Return Software

Key Countries Italy o Three software applications o Key Spain o Keys Finland o Online Slovenia o Unknown at present France o Terrorism Hungary o Software Switzerland o Software Liechtenstein o Software Denmark o Mailboxes Portugal

Challenges Faced with Tax Authorities Technology Registration o Complicated processes for registration Challenge for compliance? Solution? Updates o Software updates o Layout of procedure amendments Challenge for compliance? Solution?

Challenges Faced with Tax Authorities Technology Keys or certificates o What are they? o Why are they needed? o Domestic banking requirements Challenge for compliance? Solution? Language Challenge for compliance? Solution?

Challenges Faced with Tax Authorities Technology Security concerns o Java Programming language Used to build small applications Can be used as part of a web page IBM’s Q X-Force Threat Intelligence Quarterly Challenge for compliance? Solution?

FiscalReps 2015 Technology Strategy Increased security protocols on vulnerable machines Corporate versions of browsers which have updated security configurations Further automation where possible through taxbox® and taxDNA® Provide a service to allow clients to prepare their own tax returns where possible and create mapping sheets to assist with online forms

Conclusion Tax authorities can change their processes when they like Sometimes a reliance on small number of staff with understanding of the tax return submission process Multiple departments become involved Increased risk that something goes wrong Tax authorities sometimes don’t recognise organisations risk management

Questions