Policy paper: Country by country reporting – updated

Updated: Amendments to the detail section with updates to the Country-by-Country legislation.

This measure will require UK headed MNEs and enable non-UK headed MNEs to provide HMRC with information about global activities, profits and taxes.

More information can be found at The Taxes (Base Erosion and Profit Shifting) (Country-by-Country Reporting) Regulations 2016 No. 237.

This legislation updates the Country-by-Country (CbC) reporting regulations The Taxes (Base Erosion and Profit Shifting) (Country-by-Country Reporting) (Amendment) Regulations 2017 to take account of international developments. In particular the legislation:

  • brings partnerships into scope
  • amends the UK ‘local filing’ requirements
  • introduces a notification requirement

HMRC has published guidance on the notification requirement in the International Exchange of Information Manual and will publish full guidance in due course. A tax information and impact note has also been published please read Amendments to Country By Country reporting 2017.

Source: HMRC

National Statistics: Alcohol Bulletin

Updated: Update with provisional data from February 2017 to April 2018.

The Alcohol Bulletin provides statistics and analysis on clearances and duty receipts for alcohol products in the UK. The data is split into four categories: beer, wine, spirits and cider. The bulletin is updated quarterly.

Source: HMRC

Consultation outcome: Tobacco Illicit Trade Protocol – licensing of equipment and the supply chain

Updated: Published a second summary of responses document ‘Tobacco Illicit Trade Protocol – licensing (or equivalent) of the supply chain – summary of responses’ which summarises the responses received on possible licensing of the tobacco supply chain, and sets out the next steps.

This consultation is about Article 6 of the World Health Organisation Framework Convention on Tobacco Control (WHO FCTC) Protocol. The aim of the Protocol is to eliminate illicit trade in tobacco products.

At Autumn Statement 2015 the government announced its intention to consult on Article 6 of the Protocol.

Article 6 of the Protocol is concerned with registration or licensing of participants who trade in tobacco and tobacco products.

The consultation is seeking views on two aspects of Article 6:

  • the mandatory control of tobacco manufacturing equipment
  • whether the UK should license wholesalers, retailers, brokers etc of tobacco products

The government is keen to ensure that any response to the illicit tobacco trade is proportionate and does not add an undue administrative burden on business. It will therefore be seeking views from a wide range of stakeholders to establish clear evidence-based rationale for its decisions.

No decisions have yet been made in relation to whether parties in a supply chain should be licensed or whether some but not all parties should be licensed.

Source: HMRC

National Statistics: Aggregates Levy Bulletin

Updated: Update with provisional data from December 2017 to May 2018

The Aggregates Levy Bulletin contains statistics and analysis on Aggregates Levy receipts, liabilities and tonnage in the UK. The bulletin is updated every six months.

Source: HMRC

National Statistics: Hydrocarbon Oils Bulletin

Updated: Update with provisional data from March 2017 to May 2017

The Hydrocarbon Oils Bulletin contains statistics and analysis on the duty receipts and clearances for petrol, diesel and other hydrocarbon oils in the UK. The bulletin is updated quarterly.

Source: HMRC

National Statistics: Tobacco Bulletin

Updated: Update with provisional data from February 2017 to April 2017

The Tobacco Bulletin contains statistics and analysis on the duty receipts and clearances for all tobacco products in the UK. The bulletin is updated quarterly.

Source: HMRC