This section has no associated Explanatory Notes
1(1)The senior accounting officer of a qualifying company must take reasonable steps to ensure that the company establishes and maintains appropriate tax accounting arrangements.U.K.
(2)The senior accounting officer of a qualifying company must, in particular, take reasonable steps—
(a)to monitor the accounting arrangements of the company, and
(b)to identify any respects in which those arrangements are not appropriate tax accounting arrangements.