In September 2014 we posted an update commenting on Reporting by Extracted Companies. Stating that Companies with debt or equity securities listed in the UK and large, unlisted companies incorporated in the UK (including subsidiaries of non-UK parent companies) operating in extractives or logging are required to produce annual reports on payments to governments for financial periods starting on or after 1 January 2015. The UK regime is now in force.
We have produced detailed briefings on the EU Directives and on early UK implementation. If you would like a copy of either or both, please contact Sarah Hawes, Professional Support Consultant, London.