Most large businesses operating in the UK are now required to publish a tax strategy. Maya Forstater (The Center for Global Development) reviews the different approaches large companies are taking.
Most large businesses and partnerships operating in the UK are now required to publish a tax strategy. The rules apply to UK companies partnerships and groups with a turnover above £200m or a balance sheet over £2bn. The UK operations of large multinationals are covered even if their UK operations are small. It also applies to charities which meet the turnover thresholds (based on trading operations only not donations).
The regulations call for companies to report annually on:
how the business manages UK tax risks;
its attitude to tax planning;
the level of risk the business is prepared to accept for UK taxation; and
how the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Most large businesses operating in the UK are now required to publish a tax strategy. Maya Forstater (The Center for Global Development) reviews the different approaches large companies are taking.
Most large businesses and partnerships operating in the UK are now required to publish a tax strategy. The rules apply to UK companies partnerships and groups with a turnover above £200m or a balance sheet over £2bn. The UK operations of large multinationals are covered even if their UK operations are small. It also applies to charities which meet the turnover thresholds (based on trading operations only not donations).
The regulations call for companies to report annually on:
how the business manages UK tax risks;
its attitude to tax planning;
the level of risk the business is prepared to accept for UK taxation; and
how the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
