Multinational Companies: Taxation

(asked on 22nd June 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many multinational enterprises that paid tax to the Government provided country-by-country tax reports to HM Revenue and Customs in 2010-15.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 25th June 2015

The UK introduced legislation in Finance Bill 2015 in order to implement the OECD model for Country-by-Country reporting (CbC). This proposal was initiated by the UK under its G8 presidency in 2013 and developed as part of the OECD's Base Erosion and Profit Shifting project.

The OECD’s proposed implementation package, which was published on 8 June 2015, requires filing for Multinational Enterprises (MNEs) with fiscal years beginning on or after 1 January 2016.

The government will set out further detail on implementation in the UK in line with the international agreement in due course.

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