London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

UK commits to country by country reporting

The government has recently announced that the UK is the first country in the world formally to commit to implementing the new country by country reporting template, which was unveiled as part of the OECD’s recommendations on base erosion and profit shifting, published last week.

At some point in the future, UK-based multinationals will have to report to HMRC where they make profits and pay taxes around the world. This is part of the clamp down on international tax avoidance.

The template is designed to help tax authorities gather information on companies’ global activities, profits and taxes. This should then enable them better to assess where risks lie and where efforts to counter tax avoidance should be focused.



Date: 17th November, 2014
Author: Cathy Corns


Articles from this Author

4th April, 2018
EMI options - a current risk

20th March, 2018
Beneficial loans

20th March, 2018
IR35 consultation

20th March, 2018
Tax codes

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Mercer & Hole Chartered Accountants support @alzheimerssoc as their charity of the year

Jamie Wooldridge to speak at the Business Accelerator Summit MK…



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn