Clifford Chance
Mandatory tax strategies, a code of practice and 'special measures' – a new era for corporates?
23 July 2015
The Government yesterday published a consultation document proposing that large businesses be required to publish a "tax strategy", introducing a voluntary Code of Practice on taxation for corporates, and creating a "special measures" regime for companies HMRC regards as engaging in unacceptable tax avoidance. We ask how these proposals are likely to work, what they mean in practice for UK business, and whether the Code of Practice will really be "voluntary".
