United Kingdom - Country-by-country reporting, documentation under OECD discussion draft 

February 7: The KPMG member firm in the United Kingdom has prepared a report examining the OECD's discussion draft on transfer pricing documentation and country-by-country reporting, under the Base Erosion and Profit Shifting (BEPS) Action Plan.

Read the February 2014 report [PDF 90 KB] on the BEPS discussion draft.

KPMG observation

Businesses have until 23 February 2014 to submit comments on the discussion draft to the OECD, ahead of a public consultation meeting at the end of March 2014. This is a relatively short consultation period; accordingly, it is imperative that businesses engage now on the key questions raised in the draft, so that whatever is finally agreed provides tax authorities with the relevant information they need, yet does not place an unreasonable burden on companies.


Read more in a February 2014 report [PDF 718 KB] prepared by the KPMG member firm in the United Kingdom: Weekly Tax Matters (7 February 2014)




©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

Share this

Share this

Subscribe

Current and future KPMG clients may subscribe to TaxNewsFlash email alerts.


Email your contact information.

Other TaxNewsFlash publications

TaxNewsFlash-United States by year