The employer reporting and withholding requirements associated with global employment and incentive based taxes are complex. Regulations are inconsistent across the globe, with work and pay practices changing regularly. In addition there is plenty of focus from tax authorities on these topics given that over half of the total tax take in many countries tends to come from employment and working related taxes (e.g. income tax, social security, and other taxes such as benefit taxes).
These factors mean that complying with the global tax rules that impact a company's workforce is really challenging for companies of all sizes. Staying up to date with changes in legislation and practice across the globe, especially when there aren’t always subject matter experts in every location, can create reactive rather than proactive management. For some companies, managing compliance in this area is one of their biggest challenges for tax teams.
PwC’s Employment and Equity Hub is an online subscription service supporting a technology enabled approach to the management of domestic employment tax and equity plans on a global basis helping companies to manage risk, enhance governance and create efficiencies in reporting.
How we can help
The underlying tax technical content and dynamic governance features of the Hub will allow you to effectively manage your ongoing requirements in a cost efficient way, receiving timely information to make informed decisions and manage tax risk.
There are a variety of different modules and subscription levels so the online service can be tailored based on the level of support required, including:
Our subscription service enables you to tailor the level of support to your business needs, be it in respect of employment taxes, equity or both.
This technology enabled approach allows a business to ensure that:
- there is access to a central source of information as changes to taxation emerge and/or changes happen more broadly in the business. This will enable key stakeholders to understand the potential impact and make informed business decisions about how changes should be managed and how to assign time and resources efficiently.
- information relevant to the external employment tax and equity landscape can be collated and linked to internal operations to ensure that these are factored into the policies, processes and controls operated in the day to day processes.
- information is easily available for all those within the business needing access, which for employment tax and equity can encompass a number of key business areas (eg. tax, HR, payroll, stock team etc).
Contact us
Partner, UK Employee Incentives leader, PwC United Kingdom
Tel: +44 (0)7718 968937
