Deep Tax - Uses

Open computations

• Improve the tax position by Identifying amendments to open computations

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• Assess the exposure from potential adjustments e.g. from HMRC enquiries

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Current computations

• Minimise tax liabilities or maximise tax repayments

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• Optimise the use of tax reliefs to maximise losses and capital allowances carried forward

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• Maximise utilisation of DTR

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• Assess the exposure around areas of uncertainty

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Forecasts and what-ifs

• Produce forecasts with different assumptions e.g.

  • Timing and value of income and allowable expenditure​

  • Timing and value of capital expenditure​

  • Exchange rates

  • Joiners and leavers

  • Change of accounting reference date

  • Changes in group debt and EBITDA and impact on the CIR

  • Assess impact of new or proposed legislation

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• Use the projections to support the value of deferred tax assets

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​​Tax instalments

• Reduce the possibility of excessive or understated instalments

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