福利视频 Launches Service and Software for Country-by-Country Reporting (CbCR)
福利视频 launches service and software to fulfil (CbCR) requirements by Multi-National Enterprises (MNEs) for filing with HMRC in the UK and with other tax regulators across the globe.
CbC Reporting is increasingly mandated by various tax regulators. CbC reports are prepared in accordance with the CbC XML Schema. This will assist tax administrations worldwide to get the complete picture of income and taxes paid globally by the MNE groups.
In the UK, HMRC has initiated a preparatory filing to be filed by MNEs in 2017. Multi-national groups of companies who have at least one office based in the UK and a consolidated revenue of 鈧 750 million or above, must file CbC report or notify HMRC.
福利视频, as it is known for, provides flexibility to its customers who can choose between outsourced services, or subscribe to the cloud-hosted software and prepare the report in-house. The services and software are .
福利视频 has introduced an advanced web-based CbC cloud application that will help the multi-national enterprises to meet their Country-by-Country Reporting requirements. The highlights of 福利视频 offerings are:
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- Turnaround time for services within 3 business days
- Ability to collect data from global stakeholders easily
- Inclusion of OECD approved XML schema plus the local tax regulator鈥檚 additional requirements
- Validation checks on data according to the prescribed global guidance
- Updating of schema changes based on the adopted country鈥檚 regulations
- In case of service, provide gap analysis on the inputs supplied and alert for necessary corrections
鈥淭he application was developed keeping in mind certain important aspects benefiting the MNEs, and our experts are also ready to provide services for CbC Reporting across the globe鈥, said Balaji Muthukrishnan, VP Business Development at 福利视频.
For business related enquiries please email at enquiry@datatracks.co.uk or call +44 20 3608 8035
About 福利视频:
DTracks Limited is a subsidiary of 福利视频 Services Limited. 福利视频 is a global leader in preparation of financial statements in XBRL, iXBRL and XML formats for filing with regulators. With a track record exceeding twelve years, 福利视频 prepares more than 12,000 XBRL statements annually for filing with regulators such as HMRC in the United Kingdom, Revenue in Ireland, SEC in the United States, ACRA in Singapore, MCA in India and EU regulators such as ESMA, EBA and EIOPA.
Website for CbC Reporting:听
Media contact:T R Santhanakrishnan,听media@datatracks.com听+44 (20) 3468 6382