HMRC has confirmed that the government will update UK rules on compliance with country-by-country reporting (CBCR) to include partnerships by the end of the year
This follows publication of recent clarification from the OECD which stresses that partnerships are within scope as reporting entities.
The government is committed to implementing the OECD recommendations on country-by-country reporting and in the autumn will propose amendments to the regulations to include partnerships.
The regulations will be applicable to periods beginning on or after 1 January 2016, in line with the OECD recommendations and previous government commitments.
Read more at OECD guidance on country-by-country reporting