We continue to report on the most important changes in the tax sphere that businesses face. And these changes are not only associated with the coronovirus.
New tax transparency and anti-avoidance measure in the EU directive, commonly known as DAC 6, will enter into force on 1 July 2020. HMRC published the final Regulations with clarifications, responses to the consultation.
These new rules require cross border tax arrangements which meet the required conditions to be reported to either HMRC or another tax authority in the EU. We tried to explain the most important points that you need to prepare for in connection with the new regulation.
Dr Clifford Frank
United Kingdom - England - England
Berkeley Square House, Berkeley Square
London W1J 6BD