HMRC has published new guidance Check if you need to tell HMRC about a cross-border arrangement on reporting cross-border arrangements (DAC 6) involving the UK and an EU member state. Taxpayers involved in a cross-border arrangement where a hallmark applies are required to inform HMRC about the transaction. HMRC notes that the arrangements could include loan agreements, payments from a resident of one country to a resident of another, or putting funds in an offshore trust.
HMRC has published new guidance Check if you need to tell HMRC about a cross-border arrangement on reporting cross-border arrangements (DAC 6) involving the UK and an EU member state. Taxpayers involved in a cross-border arrangement where a hallmark applies are required to inform HMRC about the transaction. HMRC notes that the arrangements could include loan agreements, payments from a resident of one country to a resident of another, or putting funds in an offshore trust.
