UK: CbC Reporting Regulations Coming Into Force SoonBy Robert Robillard - 16 mars 2016
This blogpost originally appeared on rbrt.ca.
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.
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