On 26 February 2016, the UK published the Taxes (Base Erosion and Profit Shifting) (Country-by-Country Reporting) Regulations 2016 No. 237, which are the final regulations for the implementation of Country-by-Country (CbC) reporting in the UK. The CbC reporting regulations apply for accounting periods beginning on or after 1 January 2016.
The CbC Report
The CbC reporting requirements are in line with the guidelines developed as part of Action 13 of the OECD BEPS Project. The CbC report for…