Closing the tax gap - Tax governance and the shift to real‑time reporting

With tax transparency climbing the policy agenda, HMRC is accelerating its use of digital tools, real‑time data and targeted interventions to close the tax gap. At the same time, businesses are facing a growing compliance burden - from more complex enquiries to heightened expectations around governance, controls and reporting.

As the government sharpens its focus, your organisation needs to understand what’s coming next and how to prepare. This session will unpack the latest developments across governance and e‑invoicing, and what they mean for day‑to‑day operations.

What we’ll explore:

• A roundup of current HMRC enquiry activity and why these trends make strong tax governance frameworks increasingly essential for businesses
• Practical steps to build robust, defensible governance frameworks - going beyond compliance to support exits, refinancing and transactions, and to protect value
• The latest developments in the International Controlled Transaction Schedule (ICTS) and what HMRC’s latest thinking means in practice
• An overview of the emerging UK-invoicing requirements - what we know so far, lessons from Europe and  the practical steps businesses should be taking now to prepare for real-time digital reporting.