HMRC internal manual

International Exchange of Information Manual

IEIM300036 - Country-by-Country reporting: Penalties

The UK rules use many terms and definitions that are taken from the OECD guidance and that guidance should be checked when completing a CbC report.

The reporting and notification requirements are supported by a penalty regime in the event that an entity does not provide its CbC report or notification on time without a reasonable excuse for the failure, or knowingly supplies incorrect information.