The ‘senior accounting officer’ (SAO) of a ‘qualifying company’ is personally responsible for the adequacy of the company's tax accounting arrangements (FA 2009, s. 93(1) and Sch. 46; HMRC Brief 19/2013 (5 August 2013)).
The measure applies to financial years beginning after 20 July 2009 (see ¶59-572 for commencement details).
A senior accounting officer of a qualifying company must ensure that the company establishes and maintains appropriate tax accounting arrangements, and must provide a certificate to HMRC indicating whether this was the case for each financial year (FA 2009, Sch. 46, para. 2).