Certain financial entities will be familiar with country by country reporting for the purposes of Capital Requirements Directive IV (CRD IV). However, in line with OECD’s Base Erosion and Profit Shifting (BEPS) Action 13, Finance Act 2015 introduced similar (and in addition to CRD IV reporting) Country by Country Reporting (CbCR) for all large groups subject to certain exemptions.
In this report, learn what Country by Country Reporting is, when it applies and what exactly happens if you don’t comply. Is your organisation in scope? How will your report be viewed by others? Find answers to to these and a range of other questions by downloading our report below.
It is important that appropriate consideration and preparation is taken in advance of your CbCR obligations. CbCR will require quality data and this will allow for more accurate tax planning and forecasting. Our team includes experts in systems, tax operations and transfer pricing specialists. Please get in touch with me or your usual EY point of contact for more information.