15 May 2018 
Amanda Darley, Head of Operations and Engagement
Does your university have a tax strategy in place yet? Is it published? Is it required to be? By 31 July 2018, all universities with a group turnover exceeding £200m (or a balance sheet in excess of £2bn) must have a published tax strategy ('published' means 'available free of charge on the internet' - see HMRC's guidance here for further details). For other universities, you may wish to consider having a tax strategy anyway, even if you are not required to have one or to publish it.
For those attending the tax conference and wanting more guidance in this area, there will be a session on Day 1 on tax governance, strategy and policy that could help point you in the right direction for putting your tax strategy together. After your first tax strategy has been published, you must publish another every year. There are financial penalties for not publishing a tax strategy on time if you meet the turnover/balance sheet criteria (up to £7,500 for the first six months, up to £7,500 for the following six months, and a further £7,500 every month thereafter).
