The Guernsey Government has published new guidance, Country by Country Reporting: Reporting Practicalities. Guernsey's CbC reporting requirements apply for fiscal years beginning on or after 1 January 2016 for MNE groups meeting the standard EUR 750 million consolidated group revenue threshold in the previous year. The guidance provides additional details on the submission of initial CbC notifications, as well as the submission of full CbC reports. With respect to CbC notifications, the guidance provides that: For Guernsey resident ultimate and surrogate parent entities, notification must be provided within 6 months following the close of the reporting fiscal year. Notification is...