UK: Updated country-by-country reporting schema

UK: Updated country-by-country reporting schema

The country-by-country (CbC) reporting schema has been updated to XML 2.0 for submissions to HM Revenue & Customs (HMRC).


All CbC reports submitted to HMRC on or after 1 January 2021 must use the new 2.0 XML format.

The OECD published a new version of the XML Schema (version 2.0) for CbC reporting in June 2019. The CbC reporting regime is part of the OECD's base erosion and profit shifting (BEPS) Action 13 and applies to multinational enterprise (MNE) groups with combined revenue of €750 million or more.

The change affects all large MNE groups required to submit a CbC report under the UK's CbC reporting regime.

There is no change to the key financial data required in Table 1 of the CbC report and the changes to version 2.0 are minor admin changes. The key changes for UK CbC tax filings are:

  • The “Reporting Period Start” field is mandatory to complete.
  • The “Reporting Role” needs to be specified and accepted values are:
    • Ultimate parent entity
    • Surrogate parent entity
    • Local filing in the framework of an international exchange
    • Local filing with incomplete information
  • There is a new field in Table 2 (Ultimate Parent Entity Role). This is an optional field designed so that the reporting entity can be identified among the constituent entities. Accepted values are:
    • Ultimate parent entity
    • Reporting entity
    • Both the ultimate parent entity and reporting entity
  • An address for every constituent entity in Table 2 is required—including the city (at a minimum).

Read a March 2021 report prepared by the KPMG member firm in the UK

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