EITI Reporting Templates and Guidance for companies

After consultation with industry in early 2021, the MSG agreed an earlier reporting process to cover payments in 2020. This year, companies will have until 30 April to complete and return their templates to BDO UK. If templates are returned on time, reconciliation queries are expected to conclude by July 2020.

As in previous years, the data collection process will use an Excel reporting template. These templates and associated guidance are available below.

Payments or repayments at group level that total £86,000 or more for an in-scope payment stream should be reported using the relevant template.

Reporting for Oil & Gas companies

Oil and gas companies are asked to report the following payments for the calendar year: •

  • Ring Fence Corporation Tax and supplementary charge
  • Petroleum Revenue Tax (including Advance Petroleum Revenue Tax)
  • Petroleum licence fees
  • OGA levy
  • Payments to The Crown Estate Commissioners relating to UK extractive industries
  • Payments to Crown Estate Scotland relating to UK extractive industries [payments to CES are a separate payment stream]

 

 

Template for EITI reporting for oil and gas companiesGuidance on EITI reporting for oil and gas companies

 

 

Reporting Mining & Quarrying companies

Mining and quarrying companies are asked to report the following payments for the calendar year:

  • UK Corporation Tax
  • Payments to The Crown Estate Commissioners  relating to UK extractive industries
  • Payments to Crown Estates Scotland relating to UK extractive industries [payments to CES are a separate payment stream]
  • Section 106 (Town and Country Planning Act 1990) payments in England and similar payments elsewhere in the UK under equivalent legislation

*Please note that the UK EITI MSG has approved the exclusion of extractive-related payments to the Coal Authority for the purposes of UK EITI reporting because it believes that these payments are not sufficiently material relative to government revenues and their exclusion will not affect the comprehensiveness of the UK EITI report.

 

Template for EITI reporting for mining and quarrying companiesGuidance on EITI reporting for mining and quarrying companies

 

Reporting on Beneficial Ownership & Politically Exposed Persons

Companies are also asked to provide information relating to individuals that have a material influence on the company through their shareholding in the company, including individuals with political influence.

A guide on reporting is below and the information should be included in the Beneficial Ownership declaration form at the end of each template.

Guidance for reporting Beneficial Ownership information

 

Confidentiality Waivers

Confidentiality waivers are required to confirm the participation of the Company (and its affiliates)in the UK EITI and consequently that HM Revenue & Customs (HMRC) is authorised to disclose details of taxes paid by the Company (and its affiliates) to the Independent Administrator. The waiver can be found below.

To contact BDO UK about completing reporting templates and reconciliation please email UKeiti@bdo.co.uk.

Tax Confidentiality Waiver template

 

Difference between EITI and the Chapter 10 of the EU Accounting Directive

There are two separate but complementary extractives transparency initiatives – one is the Extractives Industry Transparency Initiative (EITI) and the other is Chapter 10 of the EU Accounting Directive.

EITI is a global standard which ensures transparency of payments from natural resources.

EU Accounting Directive

Separate, but complementary to EITI is the EU Accounting Directive, which requires extractives companies to publish the payments they make to governments in all the countries where they operate. The intention is to give citizens the information they need to hold governments to account over how these huge sums of money are spent.

The requirements will apply to all EU listed companies and large registered extractives companies.

View the EU Accounting Directive on GOV.UK