The UK follows the country-by-country reporting requirements of the Organisation for Economic Co-operation and Development (OECD).
More details can be found in this tax information and impact note.
HM Revenue and Customs (HMRC) have confirmed that the required format for country-by-country reporting will be via an XML (extensible markup language) schema, to ensure international consistency.
Find out if you must send a country-by-country report.
The International Exchange of Information Manual specifically includes directions relating to:
- the content and form of presentation of the country-by-country report and notifications
- the method for filing reports and providing notifications