Technical & legislative risk

Tax technical risk is the incorrect interpretation of tax laws
Once you’ve entered into a contract as a taxpayer, you are usually locked into the tax consequences, so accurate interpretation of the current tax legislation and a proper understanding of tax consequences is absolutely vital.

Legislative risk results from changes in legislation
A change in legislation could result in tax loss, so companies must constantly assess how those changes affect them. For example, unnoticed changes in the PAYE laws could mean the same error is repeated until it is discovered.

Grant Thornton's services to help mitigate tax technical and legislative risks:

• tax advice on proposed and existing transactions – including business acquisitions and mergers
• PAYE reviews
• VAT reviews
• transfer pricing documentation
• tax training
• tax publications – including the fiscal file, taxlines and e-taxlines
• advanced tax rulings