Taxation Awards recognise best practice in the profession

Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals announced that the ONESOURCE Indirect Tax Research team is in the running to win one of the most coveted awards in tax. The team has been shortlisted for the VAT Team of the Year in the Taxation Awards 2014. These awards are highly thought of and considered the pinnacle of success for teams and individuals in all areas of tax. The results are eagerly awaited and will be announced on Thursday, May 22 at an awards ceremony at the London Hilton, Park Lane.

The Thomson Reuters Indirect Tax Research team comprises worldwide tax experts whose responsibility it is to maintain the broadest coverage of tax content in over 14,500 taxing jurisdictions in 175 countries worldwide. With more than 350 tax rate updates in just one year alone for VAT, the work of the team is invaluable in saving companies that use the global ONESOURCE Indirect Tax solution significant time, money and critical resources, ensuring they comply with the law and calculate the correct amount of tax.

The Tax & Accounting business of Thomson Reuters is committed to provide global tax solutions that help small to medium-sized businesses, multinational corporations and tax practices to manage their compliance processes. It is hoped that shortlisted ONESOURCE customers, British Sky Broadcasting Group and Unilever will also be successful on the day along with shortlisted professional firms that use Digita tax solutions, including Francis Clark, Berg Kaprow Lewis, Watson Buckle, Princecroft Willis and Rickard Keen.

“The global corporate tax landscape becomes more complex every day,” said Mike Roberts, managing director, corporate market for the Tax & Accounting business of Thomson Reuters. “As a result, tax professionals are facing rapid change, increased scrutiny and enormous risk. It’s crucial for them to have technology they can rely on to ensure they are compliant everywhere they do business. It is a real honour for the Thomson Reuters ONESOURCE Indirect Tax team to receive recognition of their work in ensuring ONESOURCE Indirect Tax is a product that merits trust.”