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UK Public CbC Reporting Amendment Tabled in Parliament

10 June 2016

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Proposed Changes

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United Kingdom

According to recent reports, a bill has been table in the UK Parliament that would amend the 2016 Finance Bill to introduce public Country-by-Country (CbC) reporting requirements. The requirements would go further than the European Commission proposal for public CbC reporting in that information for all jurisdictions would need to be published, while under the Commission proposal the information for all non-EU and non-tax haven jurisdictions would be aggregated ({News-2016-04-13/P/2- previous coverage}). It is unclear if the proposed public CbC reporting is meant to replace or be in addition to the proposed public disclosure of large business tax strategies ({News-2016-04-01/P/4-...