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15 June 2018 The European Union’s Mandatory Disclosure Regime - An EY roundtable discussion (June 2018) On 5 June 2018, the Council of the European Union Directive 2018/822 of 25 May 2018 amending Directive 2011/16/EU with respect to mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements, was published in the Official Journal of the European Union. The Directive will enter into force 20 days after its publication, on 25 June 2018. In EY’s roundtable report, EY tax professionals discuss the Directive’s background and timeline; details of the mandatory disclosure requirements, including the purpose of the reporting, what arrangements are reportable, when reporting must be made and what happens with reported information; implications of reporting/failure to report, and the need for tracking and reporting systems and procedures. Document ID: 2018-5769 |
