Commentary

V5.219 Requirement to publish tax strategy—penalties for non-compliance

Part V5 Compliance, enforcement and appeals

V5.219 Requirement to publish tax strategy—penalties for non-compliance

V5.219 Requirement to publish tax strategy—penalties for non-compliance

The head of a UK qualifying group, the head of a UK sub-group, a UK qualifying company or a qualifying UK partnership is liable to penalties as follows1:

  1.  

    (a)     a penalty of £7,500 where there is a failure to publish a tax strategy which complies with the legislation described above

  2.  

    (b)     a penalty of £7,500 where the requirement to maintain publication for the appropriate period is not met

Only one liability to a penalty under (a) arises in respect of each financial year, unless the failure to publish continues for six months beyond

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