As businesses scale, tax obligations often become more intricate, sometimes without them realising. Routine compliance can quickly become a web of obligations and reputational risks.

For tax professionals, the challenge isn’t just keeping pace with regulation, but helping clients build governance frameworks that grow with them; structures that are resilient, adaptable, and ready for change.

At Saffery, our Corporate Tax Team are focused on helping clients evolve their governance approach as their business grows and preparing them for future risks.

The hidden tax risks of growth

Businesses often only realise they’re subject to stricter tax governance rules once they’re already in scope. At Saffery, we often support businesses that are unknowingly operating in a completely different risk environment to the one they were in just a year or two prior. This can happen due to inexperience, overlooked updates, or a natural focus on growth. But once in scope, the risks are real and growing.

An accountant reading the Senior Accounting Officer regime

1. Senior Accounting Officer (SAO) requirements

SAO rules apply to UK companies or groups with turnover over £200 million and/or a balance sheet total above £2 billion. As more mid-sized businesses grow, many are now falling within scope. These companies must appoint a senior individual (typically a CFO or finance director) to oversee tax accounting and submit an annual declaration to HMRC. Non-compliance can lead to personal penalties, and HMRC enforcement is increasingly rigorous.

corporate criminal offence

2. Corporate Criminal Offence (CCO) rules

Since 2017, the CCO legislation has held businesses liable for failing to prevent the facilitation of tax evasion. It applies to all companies and partnerships and requires businesses to implement ‘reasonable procedures’ across areas like payments, contracts, and invoicing. With HMRC stepping up enforcement, the financial and reputational risks of non-compliance are significant.


New HMRC guidance

3. Tax strategy disclosure requirements

As companies grow, many exceed the threshold requiring them to publish their tax strategy online. These disclosures should align with business objectives and outline the group’s approach to UK task risk and governance. Too often businesses realise this post-deadline, leading to rushed compliance, missed narrative control, and penalties.

Building governance that grows with you

Tax governance must scale alongside your business. Growth often demands changes to team structure, processes, and oversight. Common challenges include:

  • Lack of specialist input. Tax expertise is often brought in only after compliance issues arise.
  • Risk of penalties. Late or inadequate action can lead to fines and reputational damage.
  • Insufficient internal capability. Businesses need to anticipate and manage governance risks, not just react to them.
  • Rising regulatory scrutiny. HMRC’s expectations are rising, not easing.

Tax professionals play a critical role in helping businesses anticipate and manage these risks by tracking regulatory shifts and building proactive, scalable tax functions.

a career in tax

About our Corporate Tax Team

Our team is focused on helping clients (and our people) stay ahead of evolving tax governance expectations. We’ve built a learning culture that fosters confidence and agility.

Continuous learning

Monthly corporate tax forums, governance sessions, and trend briefings keep our teams informed and proactive.

Deep expertise

We’re growing a specialist governance team, combining new talent with mentoring from experienced advisers.

Strategic advisory strength

We go beyond compliance to help clients embed scalable processes that support long-term growth.

Join the conversation

Proactive and strategic tax governance is no longer optional but essential – and that makes this a particularly rewarding time to work in tax. We’re actively shaping what the future of tax looks like, for our clients and for our teams. If you’re passionate about helping businesses navigate governance challenges with clarity and confidence, we’d love to hear from you.

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