Alongside the UK, the Netherlands, Denmark, Austria and Italy have all opposed a move to bring European reporting requirements into line with the US, while France, Germany and Portugal all supported the measures, according to the Financial Times.
The backing for the UK’s proposals is another victory for those against quarterly reporting after a report from the European Parliament that claimed such measures were ‘not the appropriate mechanism’ for ensuring the dissemination of reliable information and ‘could represent a worsening of the situation’.
EU finance ministers meet on Tuesday to reach an agreement on the subject.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham