UK Publishes Guidance on Publishing of Large Businesses Tax Strategy

On 24 June 2016, UK HMRC published guidance on the publishing of tax strategies by large businesses. According to the guidance, a company, partnership, group or sub-group is required to publish their tax strategy if in the previous year:

• Turnover exceeds GBP 200 million; or
• Balance sheet total exceeds GBP 2 billion.

For groups and sub-groups, the combined totals of all the relevant bodies are considered. Although separate from Country-by-Country reporting requirements, UK companies not mee…