See page 24 of Overview of Legislation in Draft available here:
“5.5. Country–by-country reporting. Following the publication of the OECD (2014) Guidance on Transfer Pricing Documentation and country-by-country Reporting on 16 September 2014, legislation will be introduced to enable the implementation in the UK of the OECD model for country-by-country reporting. (TIIN)”
Pages 203-205 provide more information.
See also pages 528-30 of Draft Clauses & Explanatory Notes for Finance Bill 2015 available here for more detail.
The final implementation timeline and the wording of the law are expected following UK 2015 Budget scheduled on March 18, 2015.
See more on UK transfer regime on DRTP’s UK Resource page here.
DRTP Consulting Inc. solutions go beyond transfer pricing and international tax solutions. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. DRTP Consulting Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. The opinions expressed in this blogpost are those of the author. Readers should seek advice and counsel from DRTP Consulting Inc. as required.
- Posted by Robert Robillard
- On 13 March 2015
- 0 Comments
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