Now that the Brexit transition period has ended, where does this leave the UK’s administrative cooperation with other jursidictions, ask Jason Collins and Catherine Robins (Pinsent Masons).
Now that the Brexit transition period has ended the UK is no longer bound by or benefits from EU directives and regulations including those governing administrative cooperation between the tax authorities of EU member states. Where does this leave administrative cooperation with the EU going forward particularly given the UK and the EU play such prominent roles in the OECD?
OECD framework
In 2010 the OECD amended its Convention on Mutual Administrative Assistance in Tax Matters (MAAC) to beef up its provisions on cooperation and to broaden it to allow participation by non-OECD and Council of Europe countries. 141 jurisdictions are currently signatories to MAAC and over 120 have taken all the steps necessary to bring...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Now that the Brexit transition period has ended, where does this leave the UK’s administrative cooperation with other jursidictions, ask Jason Collins and Catherine Robins (Pinsent Masons).
Now that the Brexit transition period has ended the UK is no longer bound by or benefits from EU directives and regulations including those governing administrative cooperation between the tax authorities of EU member states. Where does this leave administrative cooperation with the EU going forward particularly given the UK and the EU play such prominent roles in the OECD?
OECD framework
In 2010 the OECD amended its Convention on Mutual Administrative Assistance in Tax Matters (MAAC) to beef up its provisions on cooperation and to broaden it to allow participation by non-OECD and Council of Europe countries. 141 jurisdictions are currently signatories to MAAC and over 120 have taken all the steps necessary to bring...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
