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).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.