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UK House of Commons Publishes Consideration of Amendments for Finance Bill 2019-21 Including Expanded Tax Strategy Publishing Requirements

02 July 2020

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Proposed Changes

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United Kingdom

The UK House of Commons has published a document, Consideration of Bill Amendments as at 1 July 2020 (PDF). This document includes all amendments to the Finance Bill 2019-21 that have been tabled (proposed) to date and includes any withdrawn amendments at the end. One of the main amendments includes expanded rules regarding the publishing of tax strategies. This new clause would require all groups subject to the Digital Services Tax (DST) to publish a group tax strategy, including a Country-by-Country (CbC) report. Currently, UK companies/groups are required to publish a tax strategy if their turnover exceeds GBP 200 million...