613. Large businesses: tax strategies and sanctions.

Certain large businesses are required to publish a tax strategy in relation to United Kingdom taxation on the internet1. Tax strategies so published must set out:

  1.  

    (1)     the approach of the business to risk management and governance arrangements in relation to United Kingdom taxation;

  2.  

    (2)     the attitude of the business towards tax planning (so far as affecting United Kingdom taxation);

  3.  

    (3)     the level of risk in relation to United Kingdom taxation that the business is prepared to accept; and

  4.  

    (4)     the approach of the business towards its dealings with HMRC