On 15 August 2017, UK HMRC announced updated guidelines on Country-by-Country (CbC) reporting. The UK CbC reporting requirements apply for accounting (reporting) periods beginning on or after 1 January 2016 for MNE groups meeting a EUR 750 million consolidated revenue threshold in the previous period. The CbC reporting regulations were first published in February 2016 ({News-2016-02-29/A/2-previous coverage}), and were amended in March 2017 in order to comply with EU requirements and the latest OECD guidelines ({News-2017-04-03/A/4-previous coverage}). The updated guidelines provide a full overview of the requirements. Some of the key updated guidance is in relation to the CbC report...