UK Businesses required to publish Tax Strategy

I previously wrote about the HMRC consultation on Improving Large Business Tax Compliance. One element of this was the publication of a Tax Strategy.

This then appeared in the Autumn Statement, and now in Finance Bill 2016.

The proposals will only come into force after Royal Assent, but it would be bold to bet against this making it into the Finance Act broadly as it is.

So we are left with 2 very obvious questions. What do the requirements say, and what should businesses be doing now?