Technology
tax14-technology-abo-version-lowres-151020
tax14-technology-abo-version-lowres-151020
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Case 7<br />
69<br />
countries<br />
Out of a total of 86 countries <br />
surveyed by EY in 2013, <br />
69 reported their tax <br />
administrations use <br />
electronic data extraction <br />
for indirect tax audits.<br />
Source: EY<br />
Tax view<br />
In the context of paying taxes:<br />
<strong>Technology</strong> helping businesses<br />
better manage their tax affairs<br />
HMRC in the UK recently launched a new digital service called<br />
“Your Tax Account.” The aim is to make it easier and less<br />
expensive for the country’s small and medium-sized businesses<br />
to manage their tax affairs. As of March 2015, 2 million users<br />
had already signed up for the service. The service is made up<br />
of a personalized dashboard page that brings together all the<br />
pertinent tax information, such as how much the company owes<br />
in taxes and its tax records. Users can also pay any outstanding<br />
taxes via a link on the page. Improving digital services offers<br />
critical benefits as well for the tax administration, helping reduce<br />
operating costs and improve compliance. A few years ago, the tax<br />
administration logged 73 million customer support phone calls,<br />
sent 200 million letters, and received another 70 million items in<br />
the post. Going digital should help reduce this paper trail.<br />
Source: HMRC/Gov.uk<br />
Tax view<br />
Credits: Mathias Hofstetter, Rawpixel, Ellie Nator, art_zzz/Fotolia,<br />
4x6, Vectorig, Adrian Hillman, majivecka, Leontura/istockphoto<br />
Tax view<br />
600<br />
million plus<br />
The number of transactions reported <br />
each year by third parties to the <br />
Australian Taxation Office, which uses<br />
data-matching techniques to <br />
cross-reference this information <br />
with tax returns.<br />
Source: Australian Taxation Office<br />
Tax view<br />
US$<br />
4.7 billion<br />
The additional revenue that California’s<br />
Franchise Tax Board will collect <br />
through a project that updates its tax<br />
systems technology by modernizing <br />
the return processing system <br />
and creating an enterprise <br />
data warehouse.<br />
Source: State of California Franchise Tax Board<br />
98%<br />
reduction<br />
Losses from value-added tax-related<br />
fraud in Belgium dropped from <br />
€1.1 billion in 2002 to €18.5 million<br />
in 2012, thanks to the use <br />
of big data analytics, such as<br />
social network analysis.<br />
Source: SAS<br />
EY – Tax Insights for business leaders №14 31
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