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 ar…