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UK Updates: Pillar Two is Coming

Cross-border Tax Talks

CHAPTER

The Biggest Challenges for Tax Advisors

The UK and the US actually having below 15% per PILOTY purpose has been in all those impact assessments that we've done. There is not going to be one source of data like the information that is required to do these calculations doesn't just sit in an ERP system. And so whether it's multiple ERP systems and then you know any other systems, it really is a big challenge. Oh it really is, so yeah there's no automating your end-to-end process,. You've got your ERP systems, your manual data, plugging those gaps, those 260 data points per constituent entity in the group. There's a hell of a lot of data

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