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HMRC confirms country-by-country reporting format for multinationals

18/08/2017 News Team

HMRC has released new guidance which sets out the reporting process for multinationals in line with Organisation for Economic Co-operation and Development (OECD) requirements.

HMRC’s International Exchange of Information Manual specifically includes directions relating to:

- the content and form of presentation of the country-by-country report and notifications

- the method for filing reports and providing notifications

HMRC has confirmed that the required format for country-by-country reporting will be via an XML (extensible markup language) schema, to ensure international consistency.

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