The Reports on Payments to Governments Regulations 2014

Duty to prepare a consolidated report U.K.

8.—(1) The directors of a parent undertaking [F1 which is a UK undertaking] must prepare a consolidated report annually on payments made to governments for each financial year of the parent undertaking (the “consolidated report”) if that undertaking is—

(a) a large undertaking or a public interest entity;

(b) a mining or quarrying undertaking or a logging undertaking; and

(c) obliged to prepare consolidated group accounts.

(2) A parent undertaking [F2 which is a UK undertaking] is a mining or quarrying undertaking or a logging undertaking if any of its subsidiary undertakings is a mining or quarrying undertaking or a logging undertaking.

Textual Amendments

F1 Words in reg. 8(1) inserted (18.12.2015) by The Reports on Payments to Governments (Amendment) Regulations 2015 (S.I. 2015/1928), regs. 1(2), 2(6)

F2 Words in reg. 8(2) inserted (18.12.2015) by The Reports on Payments to Governments (Amendment) Regulations 2015 (S.I. 2015/1928), regs. 1(2), 2(6)