EY FIRST: tax transparency reporting tool

A multi-regime tax transparency solution, supported by a global network of EY professionals.

EY FIRST is a data validation and report generation tool designed to streamline compliance with various tax regimes, including FATCA, CRS, MDR, CbCR, BBSI, DAC7 and CESOP.
 

Request a demo
Young focused serious business women and men working in a conference room working on a project presentation

Real-time validation of data

Validates data against tax authority reporting requirements.

One-click XML generation

A simple and easy-to-follow user experience eliminates unnecessary steps when generating reportable files.

Daily monitoring of updates

Regular updates and maintenance keep the tool compliant with current tax rules.

Data input, data validation and XML report generation

  • Data input via file upload or via API direct connection
  • One-click import of all required data per country and regime selected
  • Real-time validation of data content against all tax authority requirements
  • One-click bulk generation of XML reports
Laptop view of import data

Management information (MI) dashboard

  • Customizable filter selection criteria for extraction of key MI data
  • Intuitive and customizable data visualization views of MI data
  • Dashboard views specifically designed to highlight key areas, such as reports with upcoming deadlines
Laptop view with dashboard graphics

Multi-regime tax reporting

The EY FIRST solution is designed to streamline reporting compliance with the following regulations:

  • Foreign Accounts Tax Compliance Act (FATCA)
  • Common Reporting Standard (CRS)
  • Mandatory Disclosure Regime (MDR)
  • BEPS Country-by-Country Reporting (CbCR)
  • Digital Platform Reporting (DAC7)
  • Central Electronic System of Payment Information (CESOP)
  • UK Bank and Building Society Interest Returns (BBSI)
Laptop view of schema selection

Flexible deployments and rapid response to change

  • Built-in capability to allow for rapid tool configuration updates in the event of tax authority changes
  • Flexible and low-risk approach that allows regulation changes to be deployed at very short notice to handle last-minute guidance updates
Laptop view of client selection

Streamline your in-house tax transparency reporting processes

Connect with EY professionals to explore the streamlining of your reporting and compliance processes.

Request a demo

The team

Photographic portrait of Danielle Clark
Danielle Clark
EY Global Customer Tax Operations and Reporting Service Leader; EY Americas International Tax Wealth & Asset Management Leader; Principal, Tax, Ernst & Young LLP
Photographic portrait of Shane Collins
Shane Collins
Partner, Tax Technology and Transformation, Ernst & Young LLP

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.