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Country by country reporting draft regulations

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The government is consulting until 16 November 2015 on draft regulations to support legislation in Finance Act 2015 introducing the requirement for multinational enterprises to submit country-by-country reports to HMRC from 1 January 2016 containing details of their economic activities in other tax jurisdictions. The regulations are made in conjunction with the OECD’s final report on transfer pricing documentation and country-by-country reporting (BEPS Action 13). See www.bit.ly/1Ohj6Nb.

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