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CbC Notification: United Kingdom

Filing a CbC or Country by Country report can be a complicated task. And when it is integral to submit the report in the UK, it is best to be fully aware of the requirements and processes to file the said report accurately. While we have written other detailed blogs on these, this particular one focuses on directions with regard to notification requirements for a CbC report by a qualifying Multinational Enterprise (MNE) group.  The rules set out by the UK government are specific and use words and phrases which are taken from the OECD guidance.

HMRC needs specific details to be covered in the report:

  • The reporting period pertaining to the notification
  • Which particular firm in the MNE group will submit the CbC report
  • Whether any exception comes into effect
  • The names and unique taxpayer references of all the companies in the MNE group that have to pay tax in the UK, are continuing institutions in UK of group companies abroad, or come under UK partnerships.

To avoid unnecessary replication of work, the parent companies (UPE) and United Kingdom Entities (UKE) will not have to submit this report, if any UPE or UKE of the same group has already submitted a report which has all the details needed. All that is needed is for the parent UPE or UKE to give the name of the UPE or UKE which has submitted the report and the date on which it has submitted.

The last date for submitting the report is the later of the end of the duration pertaining to the report.

In order for the notification to be accepted, HMRC has defined a template in which to design the notification. A separate e-mail ID has been set up for this purpose and all notifications are to be sent to this – notification.cbcrfiling@hmrc.gov.uk. The subject line of the mail has to cover the name of the group, the duration that the report pertains and the heading “year-end notification”

To get enlisted to submit a report, the firm requires a Government Gateway user id and password which can be created on enlisting initially. The Country-by-Country id has to be shown in the submitted report. This ID will show up on enlistment and mailed to the company. Enlistment has to be done only once.

When a report is sent by post it has to be delivered to this address and clearly written on top “Country-by-Country Reporting Notification”

HMRC CbCR Notifications

JITSIC-S1715.

Business, Assets and International,

9th Floor, Mail Point 3

Central Mail Unit,

Newcastle

NE98 1ZZ

If the UKE and UPE come under HMRC Large Business, separate copy of the report has to be delivered to the Customer Compliance (CCM) Manager dealing with the UKE and UPE.

If you are spending too much time and resources in putting together a CbC report, you may want to consider taking some help. At DataTracks, we have tax and compliance specialists who dedicate their time and expertise in helping countries globally with their CbC reporting needs. Want to start a discussion on how we can assist with your XML conversion for CbCR filing with your regulator? Get in touch at enquiry@datatracks.co.uk