The Reports on Payments to Governments Regulations 2014 were signed into UK law by Business Minister Jo Swinson MP on 28 November 2014 and came into force on 1 December 2014.
The Regulations transpose into UK law Chapter 10 “Report on payments to governments” of the revised 2013 EU Accounting Directive. They require large and publicly listed oil, gas, mining and logging companies registered (i.e. incorporated) in the UK to annually disclose the payments they make to governments on a country-by-country and project-by-project basis.
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