This subtopic covers certain special compliance and reporting obligations that apply to large businesses and their officers. In addition to the general requirements that apply to all businesses within the charge to corporation tax, such as the requirement to submit a complete and accurate tax return and associated information and the requirement to keep records, large businesses and their officers may be subject to one or more of the following:
the senior accounting officer (SAO) regime
country-by-country (CbC) reporting
the requirement to publish a tax strategy, and
the requirement to notify an uncertain tax treatment
The SAO regime aims to ensure that qualifying companies have adequate tax accounting arrangements in place so that the correct tax liabilities are reported to HMRC. It brings personal accountability to senior finance personnel for the failures of a company to furnish timely and accurate tax returns. For a summary of the key obligations imposed by the SAO rules, see the: Senior accounting officer (SAO) rules—checklist.
For each financial year that a company is a qualifying company for the purposes
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