Multinational Companies: Corporation Tax
(asked on 3rd September 2026) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing Public Country by Country Reporting.
This question was answered on 10th September 2026
The UK is a global leader on tax transparency. As part of this, we keep our approach to transparency policy under review, including public country-by-country reporting (‘PCBCR’). The UK already requires multinational groups to provide country-by-country reports to HMRC, publishes aggregated country-level data, has public reporting requirements in certain sectors and robust wider reporting requirements. The Government believes that any action on PCBCR should be coordinated internationally to ensure a consistent and comprehensive approach and to minimise the risk of competitive distortions.
The UK is a global leader on tax transparency. As part of this, we keep our approach to transparency policy under review, including public country-by-country reporting (‘PCBCR’). The UK already requires multinational groups to provide country-by-country reports to HMRC, publishes aggregated country-level data, has public reporting requirements in certain sectors and robust wider reporting requirements. The Government believes that any action on PCBCR should be coordinated internationally to ensure a consistent and comprehensive approach and to minimise the risk of competitive distortions.