HMRC has published a summary of responses received to the consultation on implementation of the OECD mandatory disclosure rules for common reporting standard avoidance arrangements and opaque offshore structures.
The summary highlights two key decisions following the consultation:
Regulations are expected to come into force in the first half of 2023. At the same time, the International Tax Enforcement (Disclosable Arrangements) Regulations, SI 2020/25, (the regulations implementing the EU’s DAC6 rules in the UK) will be revoked.
HMRC has published a summary of responses received to the consultation on implementation of the OECD mandatory disclosure rules for common reporting standard avoidance arrangements and opaque offshore structures.
The summary highlights two key decisions following the consultation:
Regulations are expected to come into force in the first half of 2023. At the same time, the International Tax Enforcement (Disclosable Arrangements) Regulations, SI 2020/25, (the regulations implementing the EU’s DAC6 rules in the UK) will be revoked.