The senior accounting officer of a qualifying company1 must take reasonable steps to ensure that the company establishes and maintains appropriate tax accounting arrangements, in particular, by taking reasonable steps to monitor the accounting arrangements of the company, and to identify any respects in which those arrangements are not appropriate tax accounting arrangements2.
'Senior accounting officer', in relation to a company that is not a member of a group, means the director or officer who, in the company's reasonable opinion, has overall responsibility for the company's financial accounting arrangements; and 'senior accounting officer', in relation to a company that is a member of a group, means the group director or officer who, in the company's reasonable opinion, has overall responsibility for the company's financial accounting arrangements3. 'Group director or officer', in relation to a company, means a director or officer of the company or of a relevant body that is a member of the same group as the company
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