Regulation 13 Exemption from duty to prepare report or consolidated report
United Kingdom
The directors of F1a UK undertaking that is a subsidiary undertaking or a parent undertaking are exempt from preparing a report or a consolidated report if—
the parent undertaking is subject to equivalent reporting requirements; and
the payments to governments made by F2the UK 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.
Annotations
Textual amendments
- F1
Words in reg. 13 substituted (18.12.2015) by The Reports on Payments to Governments (Amendment) Regulations 2015 (S.I. 2015/1928), regs. 1(2), 2(4)
- F2
Words in reg. 13(b) substituted (18.12.2015) by The Reports on Payments to Governments (Amendment) Regulations 2015 (S.I. 2015/1928), regs. 1(2), 2(5)