Draft regulations: implementation of disclosable arrangements
We are seeking views on new rules that will require the disclosure to HMRC of certain cross-border arrangements that could be used to avoid or evade tax.
Opened
22 Jul 2019
Closed
11 Oct 2019
▤ Verbatim text from source document
The government is consulting on draft regulations to implement an EU directive known as DAC 6.
From 1 July 2020, this will require taxpayers and their advisers to report details of certain cross border arrangements that could be used to avoid or evade tax to HMRC.
This consultation aims to clarify our intended approach for businesses. We welcome comments to help us finalise the regulations and help to ensure that the rules are implemented effectively and proportionately.