UK Finance Bill 2015: BEPS CbC Reporting is Confirmed
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.
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