EY - EU Mandatory Disclosure Regime

EY Global Tax Webcast

EU Mandatory Disclosure Regime

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Background

The Council of the European Union (EU) has reached agreement on a draft directive aimed at boosting transparency to tackle what it sees as aggressive cross-border tax planning.

The draft directive, which will take effect this summer, will require “intermediaries” such as tax advisors, accountants and lawyers that design and/or promote tax planning arrangements to report transactions and arrangements that are considered by the EU to be potentially aggressive. If there are no intermediaries which can report, the obligation will shift to the taxpayers.

Given the breadth of the transactions and arrangements covered, relevant reporting obligations will very likely result for both companies headquartered in Europe and for non-European companies with activities in Europe. Determining if there is a reportable cross-border arrangement raises complex technical and procedural issues for multinational companies and their advisors.

Please join our panel as they discuss the new provisions and how they may impact your business, including:

  • 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
  • The need for tracking and reporting systems and procedures