UK HMRC has published a policy paper on the notification of uncertain tax treatment, as well as draft guidance for the requirement.
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Large businesses: notification of uncertain tax treatment
Who is likely to be affected
Large businesses – being those with a:
- turnover of more than £200 million per annum
- balance sheet total over £2 billion
General description of the measure
This measure will require large businesses to notify HMRC where they have adopted an uncertain tax treatmen…