The UK has supported a push for global tax administrations to adopt
country-by-country reporting in an effort to stem tax avoidance.
The measure would result in multinationals companies needing to reveal how
much tax is paid in each subsidiary operated in, according to
Stephen Timms, the financial secretary to the treasury, is scheduled to
promote the move to fellow G20 leaders at a meeting in Berlin next week.
‘It has been a closed door until now,’ he said.
David McNair, senior economic adviser at Christian Aid, said
country-by-country reporting is a vehicle through which developing countries can
better tax evasion.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals