Market leading insight for tax experts
View online issue

The UK implementation of DAC 6: examining the draft regs

Speed read
On 22 July 2019, HMRC published a consultation document on the implementation of Council Directive 2018/822 EU (amending Directive 2011/16/EU), known as DAC 6. The document contains draft regulations that largely replicate or cross refer to the Directive, but the consultation also provides some insight into HMRC’s likely approach to implementation. In a number of areas HMRC’s position is helpful, limiting the potential extent of disclosure in the UK. However, the possibility of a lack of alignment of domestic regimes across the EU means that taxpayers may need to consider rules across a number of jurisdictions even where the UK guidance indicates that a transaction is not disclosable.
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.