Following consultation on country-by-country reporting under the fourth Capital
Requirements Directive (CRD IV) HM Treasury is seeking final views on the
country-by-country reporting draft legislation and draft guidance.
The regulations require each institution to publicly disclose annually on a
consolidated basis, by country of establishment:
- their name, nature of activities and geographic location;
- number of employees;
- their turnover;
- pre-tax profit or loss;
- corporation tax paid; and
- any public subsidies received.
From 1 July 2014 items a. to c. must be published with certain firms having to provide the other information on a confidential basis to the European Commission and HM Revenue and Customs.
The deadline for comments is 26 November 2013.