# The Reports on Payments to Governments Regulations 2014, Regulation 7: Exemption for subsidiaries or parent undertakings included in consolidated reports


The directors of an undertaking that is a subsidiary undertaking or a parent undertaking are exempt from preparing a report if—
(a) the parent undertaking is subject to the provisions implementing Chapter 10 of the Directive in any member State other than the United Kingdom; and
(b) the payments to governments made by the undertaking are included in the consolidated report drawn up by that parent undertaking.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111122235/regulation/7 (the official version)
Page: https://openlegislation.uk/draft-reports-on-payments-to-governments-regulations-2014/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.