UK: CbC Reporting Regulations Coming Into Force Soon

The Taxes (Base Erosion and Profit Shifting) (Country-by-Country Reporting) Regulations 2016 were recently issued.

These rules are coming into force on March 18, 2016.

Reporting applies to any taxation year commencing after December 31st, 2015. The reporting threshold has been set at 750 million Euro for total consolidated group revenues (annual basis; adjusted for shorter fiscal year). Filing is mandatory within 12 months after the end of the “accounting period” (taxation year) to which the CBC report relates.

The complete regulations are available here.

Robert Robillard, Ph.D., CPA, CGA, MBA, M.Sc. Econ.
Senior Partner, DRTP Consulting Inc.
514-742-8086; robertrobillard “at”

The convergence of DRTP Consulting’s tax, accounting and economics expertise makes a difference. 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 drtp On 16 March 2016