Large companies and partnerships need to publish their tax strategy online before the end of their first financial year beginning after 15 September 2016.

For many businesses this will mean that they need to publish before the end of their current accounting period. It will take time to decide what and how much to say and to get the necessary internal sign offs so all affected businesses need to start thinking about it, if they have not already done so.

In addition, as well as advising clients on their obligations, larger accountancy firms will have to consider their own obligation to publish a strategy.