UK tightens cross-border tax disclosure rules

Pedro Gonçalves
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UK tightens cross-border tax disclosure rules

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 avoid...

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