UK tightens cross-border tax disclosure rules

Pedro Gonçalves
clock • 2 min read

The UK government has implemented legislation that requires taxpayers and their advisers to disclose details of certain cross-border arrangements to HMRC as part of a crack down on tax avoidance. The Council Directive (EU) 2018/822 (DAC6) requires intermediaries such as tax advisers, accountants and lawyers to report to their national tax authority any cross-border tax planning schemes in which they are involved if the scheme bears 'hallmarks' showing it to be potentially 'aggressive avoidance'. Under the directive, EU Member States will exchange this information through a central dat...

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