External tax knowledge
Legislation, regulations, official guidance and jurisdiction-specific conditions provide the source.
How it works
A connected path from legislation to action.
LimeLyte® Intelligent Tax links the sources of tax knowledge to the approved decisions and requirements that govern your organisation.
The governing thread
- Source
- Interpretation
- Requirement
- Control
- Business decision
Three connected layers
The law, the decision and the requirement.
Each layer has a different job. Together, they provide the context needed for a useful business answer.
Organisational tax knowledge
Approved positions, policies, exceptions, responsibilities and design decisions show how your organisation interprets the source.
Structured tax requirements
Requirements state what systems, processes, contracts, evidence and controls must satisfy.
Governed cycle
Approved decisions make future work clearer.
The cycle retains the relationship between the source and the operating requirement.
Legislation informs interpretation. Interpretation creates requirements. Requirements define controls. Controls assess change. Approved decisions enrich the organisation’s knowledge.
When change is proposed
Check the relevant proposal against approved requirements.
Documents and proposals can be reviewed in the context of affected countries, entities, transactions and processes.
The review can identify
Its output supports a decision and directs further specialist review where needed.
- Applicable tax requirements and supporting sources
- Conflicts with approved positions
- Missing information or functionality
- Missing or weakened controls
- Evidence and testing needs
- Matters requiring Tax or Legal review
A defensible answer
Trace the answer to the business position.
A useful response explains the applicable requirement, its approved organisational context and what action or review follows. It does not replace professional tax judgement.
Explore change impact assessmentNext step
See how it applies to your business
Discuss your tax knowledge, control and change priorities with Innovate Tax.