# The Reports on Payments to Governments Regulations 2014, Regulation 13: Exemption from duty to prepare report or consolidated report


The directors of an undertaking that is a subsidiary undertaking or a parent undertaking are exempt from preparing a report or a consolidated report if—
(a) the parent undertaking is subject to equivalent reporting requirements; and
(b) the payments to governments made by the undertaking are included in a consolidated report drawn up to the same date, or to an earlier date, in the same financial year, by that parent undertaking prepared in accordance with equivalent reporting requirements.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111122235/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-reports-on-payments-to-governments-regulations-2014/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.