Multinational Companies: Disclosure of Information

(asked on 24th April 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will publish the UK’s company level data from country by country reporting of multinational companies.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 29th April 2020

The UK receives Country-by-Country reports from multinational companies under the OECD BEPS Action 13 framework.

As set out in that framework, the primary purpose of CbCR is to assist tax administrations in conducting high-level risk assessments for transfer pricing and BEPS purposes.

The UK’s CbCR information must be treated in accordance with the internationally agreed data confidentiality standards and used only for the agreed purposes as codified in the relevant treaty.

To that end, individual reports received under the OECD framework cannot be published.

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