Commentary

V5.215 Duties of Senior Accounting Officer

Part V5 Compliance, enforcement and appeals

V5.215 Duties of Senior Accounting Officer

V5.215 Duties of Senior Accounting Officer1

The Senior Accounting Officer must2:

  1.  

    •     Take reasonable steps to

  2.  
    1.  

      –     ensure that the company and each subsidiary (if any) establishes and maintains 'appropriate tax accounting arrangements', ie arrangements (including the keeping of accounting records) that enable the relevant liabilities3 of the company and subsidiaries to be calculated accurately

    2.  

      –     monitor the accounting arrangements of the company and each subsidiary, if any, and

    3.  

      –     identify any respects in which those arrangements are not appropriate tax accounting arrangements

  3.  

    •     Provide HMRC, by such means and in such form as HMRC may reasonably specify, with a

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