Time for new skills

Lee Holloway considers how the role of in-house tax advisers have changed in the last decade

As my time on the industry side of the fence comes to an end, I wanted to reflect on the changes that I have seen in the role of an in-house tax adviser over the last decade – and particularly the aspect of what I will term for these purposes ‘tax governance’.

Without resurrecting any debate on tax avoidance, I wanted to first highlight that for many internal tax advisers the KPIs of tax functions had generally changed in order of priority, with some KPIs being permanently erased from the list for the majority of businesses. Tax governance has now certainly moved to the top of the list, whereas so-called ‘artificial’ tax savings have either dropped off the list altogether or gone right to the bottom (depending upon the risk profile of the company).