On August 15, 2017 the UK HM Revenue & Customs released its rules for completing the XML schema that a relevant multinational group will need to upload through the reporting service.

A relevant multinational group will use the XML (extensible markup language) schema provided by the OECD for the County-by Country (CbC) Report it has to file with the HMRC. However, the HMRC has its own procedures, which a relevant multinational group must follow. The HMRC provides detailed information on these rules in a “Country-by-Country XML Schema Guidance”, which it released on August 15, 2017.

Click here to be forwarded to the webpage on the website of the UK Government where you can find a link to the Country-by-Country XML Schema Guidance as released by the HMRC on August 13, 2017.

Also on August 15, 2017 the HMRC released a guidance titled: “Check if you must send a country-by-country report”. In this guidance a.o. the following subjects are addressed:

·   Groups which must complete a report

o  Who must send the report

·   Notifications

·   Register to send a report

·   Send your report

o  Deadline

·   Penalties

Click here to be forwarded to the guidance titled: “Check if you must send a country-by-country report”, as release by the HMRC on August 15, 2017.

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