Question to the HM Treasury:

To ask His Majesty's Government whether they plan to require all large companies to publish a country-by-country report.

The government does not currently plan to require large companies to publish their country-by-country reports. The government keeps tax policy under review but believes that public country-by-country reporting should apply consistently across all multinationals, and therefore an approach should be developed internationally.

More widely, the government’s ambition is to design out non-compliance in the tax system and make the tax system easier and quicker to deal with for taxpayers, delivering the modern and digital service taxpayers expect.