# The Reports on Payments to Governments Regulations 2014, Regulation 12: Exemption from duty to prepare report

Extent: E+W+S+N.I.

The directors of a UK undertaking are exempt from preparing a report if—
(a) the undertaking is subject to equivalent reporting requirements; and
(b) the payments to governments made by the undertaking are included in a report prepared in accordance with equivalent reporting requirements.

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Source: https://www.legislation.gov.uk/uksi/2014/3209/regulation/12 (the official version)
Page: https://openlegislation.uk/reports-on-payments-to-governments-regulations-2014/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.