How can companies preserve value and embrace the recovery, while creating long-term value and re-frame future business for the ‘new normal’?

COVID-19 presents businesses with challenges and opportunities. In ‘COVID-19: What’s next and beyond for tax?’ we explore five key issues as part of a longer-term plan, so that you can restart and create a business that is well positioned for the environment that follows on from the current pandemic.

The key themes are:

1.       Group structuring

What changes are needed to current holding, funding and operating structures? Is there anything stopping cash getting where it needs to be?

2.       Supply chain

How will changes to the future supply chain impact the groups’ tax profile? Can steps be taken to mitigate any new costs?

3.       Digitisation

Can technology facilitate new business models and help to make business more agile? Does it bring any new risks?

4.       Workforce

Are key parts of the workforce – whether individuals or larger workforces – in the best location? What is the flexibility to relocate them?

5.       Challenges and restructuring

What bumps in the road might there be? Will some parts of business need rescuing or even fail? What options are there to respond?

For further information on each of these topics you can also listen to our podcast series. Listen to the first podcast which features Suwin Lee, COVID-19 Tax project lead.