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.
|RATE THIS ARTICLE|
THIS WEEK'S TOP STORIES
PAM (Private Asset Managers) and its sister website PAMonline combine to provide "...the best guide available to the leading firms in private client fund management" (FINANCIAL TIMES). PAM compares managers on a level playing field by key data such as fees and charges, minimum investment thresholds and so on.