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Contents

Official guidance
Banking Manual

BKM503000 · The Code commitments – governance

  • BKM503100 · Introduction
  • BKM503200 · Governance
  • BKM503300 · For a small bank
  • BKM503400 · Application to overseas entities
  • BKM503500 · Comply fully with all tax obligations
  • BKM503600 · Application of the Code to actions taken by regulators
  1. The Code commitments – governance: contents
  2. The Code commitments – governance: introduction

BKM503100 | The Code commitments – governance: introduction

From HM Revenue & Customs · Banking Manual

This and the next two sections consider each of the commitments in turn providing some further guidance on what that commitment means in practice. Much of this information is taken from the Supplementary Guidance and Frequently Asked Questions published in December 2009. Additional material has been included on the intentions of Parliament, meeting all tax obligations, genuine commercial activity, reasonable belief, and purpose tests.

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