The Tax Knowledge Centre is Grant Thornton’s central source for tax knowledge and up to date information and guidance on key tax matters.
The Tax Knowledge Centre informs, supports and collaborates with the tax teams in the provision of an excellent service to clients. The centre manages and shares the firms tax knowledge and expertise across the firm and works closely with the tax specialist teams in developing and communicating the firm’s position on tax matters.
Overall, eight months into the year, tax receipts are only 2.3% behind the same period in 2019. Given that some of this deficit is a timing issue and will be recovered in 2021, this is a remarkable outturn given the COVID19 backdrop, largely driven by large corporation tax surpluses, a strong start to the year across all taxes (pre COVID) and more resilient than expected income tax receipts during COVID.