August 29, 2025

Pillar Two: don’t overlook your smaller entities

In the race to secure safe harbour easements under Pillar Two, many groups focus on high-value jurisdictions and core entities. But even non-material subsidiaries can carry tax risks that undermine group-wide compliance. Here’s why they matter and what you need to do now. Why small doesn’t mean safe Under the GloBE rules, groups may assume that entities in low-revenue, low-profit jurisdictions are too...

August 29, 2025

Pillar Two is a cross-functional challenge—here’s how tax can take the lead

Complying with Pillar Two isn’t something the tax function can achieve in isolation. From data integrity to reporting architecture, the rules reach into finance, legal, and IT. But with the right approach, in-house tax can lead the collaboration needed to deliver compliance without disruption. Pillar Two touches more than tax The GloBE rules require accurate, auditable, and jurisdiction-specific data, much of...

August 29, 2025

From static to strategic: why Pillar Two demands a real-time risk mindset

Pillar Two marks a shift in global tax compliance, from retrospective annual reporting to real-time exposure management. For in-house tax teams, this means evolving from compliance executors to strategic risk managers. The tools are changing. So is the mindset. Annual reporting is no longer enough Traditional tax compliance follows a predictable cycle: prepare the return, file on time, address any queries post-period...

August 28, 2025

Process is still king: why Pillar Two compliance starts with solid foundations

As multinationals ramp up for Pillar Two compliance, the allure of automation and analytics is growing. But while technology can streamline, only well-documented, audit-ready processes can withstand regulator and auditor scrutiny. Without a clear compliance framework, even the best tax tech can fail. Compliance risk is now operational Many UK headquartered multinationals are realising that Pillar Two is not just a...

August 28, 2025

Pillar Two and the tax data dilemma: why your consolidation process needs a rethink

As Pillar Two raises the bar for tax data integrity, many multinationals are discovering their consolidation processes are no longer fit for purpose. Materiality thresholds set for financial reporting often clash with the detailed, jurisdiction by jurisdiction calculations required under the GloBE rules. Here’s what tax and finance teams need to revisit now to reduce exposure. Consolidation meets compliance: a...

August 28, 2025

Pillar Two: 5 smart ways to get ahead of the June deadline

With the OECD Pillar Two rules now live in many jurisdictions and first Globe Information Returns due mid-year, June marks a critical moment for UK-based multinationals. The risks of missed safe harbours, flawed disclosures or inconsistent data are high but avoidable. Here’s some of the key insights from the Tolley webinar “Pillar Two Reform: UK and Global Impact” hosted by Moniza Syeda with expert...

August 12, 2025

Navigating the risks of AI in tax firms: strategies for safe and effective adoption

The integration of Artificial Intelligence (AI) in tax firms offers significant opportunities for efficiency and innovation. However, it also brings inherent risks that must be carefully managed to ensure successful implementation. This blog explores the risks of using AI in tax practices, such as hallucinations, over-reliance, and data leaks, and highlights how tax practitioners are addressing these challenges through...

August 11, 2025

Embracing AI: Why tax firms need to accelerate adoption

Despite its transformative potential, many tax firms are not embracing AI quickly enough – a survey of tax professionals finds. This blog explores the current state of AI adoption in tax firms, highlighting the need for innovation and the findings from a recent survey.

August 06, 2025

The competitive edge: Why AI investment is crucial for tax firms

The integration of Artificial Intelligence (AI) into tax practices is not just a trend; it's a strategic move that can offer significant competitive advantages. This blog explores why investing in AI is essential for tax firms, highlighting key insights and statistics from industry experts.

August 04, 2025

Measuring AI performance in tax firms: Navigating challenges and demonstrating success

AI adoption inside tax practices continues to escalate at pace, and while leaders are making active steps to drive this change forward, measuring the performance of AI and proving its success remains a significant challenge. This blog explores the complexities of demonstrating AI's return on investment (ROI), the commonly used metric for evaluation. Industry experts also provide insights on assessing AI's impact...

July 09, 2025

Crisis management and resilience building in tax teams

Crises don’t send calendar invites. From regulatory shocks and economic downturns to cyber incidents and corporate restructures, the unexpected is always around the corner. In this environment, the tax team’s ability to respond swiftly, smartly, and strategically is a critical business asset. In-house tax teams are no longer background players. They're embedded in core decision-making, commercial planning...

July 05, 2025

Why continuous learning is non-negotiable for tax professionals

The future of in-house tax is creative, connected, and tech-powered. But it’s also complex, fast-changing, and demanding. Continuous learning isn’t a nice-to-have. It’s the foundation of a successful tax career in 2025 and beyond. Why learning matters more than ever The majority of in-house tax teams are stepping into strategic territory, partnering with the business, driving value, and influencing...

July 05, 2025

Balancing workload and well-being in tax teams

Tight deadlines. Complex reporting. Constant change. For in-house tax teams, pressure is part of the job. But as expectations grow and resources stay tight, the risk of burnout becomes harder to ignore. High performance shouldn’t come at the expense of team health and morale. The best tax leaders understand that sustainable success depends on clear priorities, smart processes, and a culture that supports both...

July 05, 2025

Fostering a collaborative culture in tax teams

Knowledge-sharing and cross-functional alignment are now mission-critical for in-house tax teams. Whether it's navigating regulatory changes, embedding new technology, or supporting cross-functional initiatives, the ability to work effectively with others has never been more important. A growing body of research shows that collaboration can transform how professional services teams operate, enhance productivity...

July 03, 2025

Tax ops to hold a pivotal role inside future in-house tax teams

Tax functions are undergoing a quiet revolution. Once back-office compliance engines, they’re evolving into commercial operators, powered by data, technology, and strong internal operations. Operational efficiency is now a strategic priority. Our In-house Tax Technology Report 2025 shows how tech-savvy tax teams are streamlining workflows, enhancing risk management, and responding to business needs at speed. ...

February 26, 2025

RELX helps transform Ethiopia's tax landscape and lay the foundation for sustainable growth

Launch event for the consolidated tax laws at RELX Headquarters in London with Ian Glencross, Mai Trinh, Marcia Balisciano, Paul Walker, Ambassador Lalisa Birhanu, Dominic Mathon, Nick Luff, Lisa Mackie and Jon Scriven 11th December 2024 marked an important moment in Ethiopia’s economic development with the publication of the consolidated tax laws in English and Amharic for the first time in Ethiopia’s...

July 27, 2024

AI has changed the rules of the game for tax practitioners

The rise of generative AI is rapidly transforming the tax profession. A recent survey by Tolley found that over a third of UK tax practitioners are already using these powerful AI tools, with many more planning to adopt them soon. As generative AI capabilities continue advancing at a blistering pace, it's clear this technology will fundamentally change how tax work gets done. Firms and in-house teams need to act now...

July 26, 2024

How tax professionals can stay at the forefront of AI

The tax profession is in the midst of an AI revolution. Generative AI tools are rapidly transforming how tax practitioners research issues, draft documents, and serve clients. While the potential benefits are immense, there are also risks around accuracy, bias, and data security that must be carefully navigated. To fully capitalise on this seismic shift, tax professionals need to stay ahead of the curve on AI developments...

July 26, 2024

Generative AI: Revolutionising drafting and tax research for UK tax practitioners

Practitioners across the UK are eagerly embracing generative AI to streamline their workflows and enhance productivity. According to a recent survey by Tolley, 35% of tax professionals are already using generative AI at least once a month, with 9% leveraging it daily. As the technology continues to evolve, two key use cases are emerging as game-changers: drafting and tax research. To stay ahead of the curve, it's...

July 01, 2024

Tax professionals embrace AI's potential while navigating risks

The tax profession is rapidly adopting generative AI to increase efficiency and unlock new insights. A recent Tolley survey found 9% of UK tax practitioners use AI daily, while over a third use it at least monthly. However, enthusiasm is tempered by concerns around reliability, security, and ethical implications when using public AI tools not grounded in authoritative tax data. This blog explores the key priorities and...

July 01, 2024

Training tax professionals to use generative AI

The AI revolution has arrived for tax professionals, bringing both immense opportunities and challenges when it comes to the training of tax practitioners. As generative AI tools become increasingly powerful and ubiquitous, they are poised to radically reshape how tax training is conducted and the skillsets needed to succeed in this rapidly evolving field.. The efficiency promised by AI One of the primary benefits...

July 01, 2024

Will your clients want generative AI for tax services?

The generative AI revolution is transforming the tax profession, and clients have high expectations for their tax advisers to embrace this cutting-edge technology. However, concerns around ethical implications and risks of using public access AI tools. According to the Tolley survey, In-house teams expressed high expectations for their firms to use generative AI, with half (53%) expecting their firms to be using the...

April 26, 2024

Five productivity-boosting tips for in-house tax teams

5 tips to boost productivity in your in-house tax team: Being part of an in-house tax team means you're constantly pulled in different directions. From liaising with various departments to diving into compliance tasks that seem to multiply overnight, it's no wonder in-house tax practitioners often feel like jacks of all trades but masters of none. Here's the thing: all this multitasking can take a toll...

March 26, 2024

Expert Reaction: Spring Budget 2024

The Chancellor Jeremy Hunt delivered his Spring Budget on 6th March 2024, setting out the Government’s plans for the economy, taxation, and spending for the year ahead. We asked our team of expert writers to provide a summary of their reactions to the key tax measures announced. Andrew Clarke Director, Deloitte LLP Indirect Tax VAT treatment of private hire vehicles As previously announced, a consultation...

February 02, 2024

Reaction: Autumn Budget 2024

In recent weeks there have been so many kites flying about the Treasury building that the ducks in St James Park must have been wondering what has been blocking out the light. So as Rachel Reeves stood up to deliver her first Budget speech you could cut the tension with a knife – would she be able to bring all those kites back to land without incident or would there be some spectacular crash landings? We didn’t...