The UK’s Reports on Payments to Governments Regulations 2014 enter into force today...The UK is the first EU member state to complete transposition of the Accounting Directive’s country-by-country reporting rules for the extractive industries. Greeting this major step in the fight against corruption and global poverty, UK members of the Publish What You Pay civil society coalition commended the UK government for honouring the Prime Minister’s 2013 G8 Summit pledge to “quickly implement” the EU Accounting and Transparency Directives. Under the regulations, large and EU-listed UK-registered oil, gas, mining and forestry companies must report their payments to governments worldwide annually for financial years starting from January 2015, country by country and project by project. This follows a three-year legislative process since the European Commission first proposed country-by-country company disclosure in October 2011. The first company payment reports will be published in 2016.