Mandatory Disclosure Directive
On 25 May 2018, the Council of the European Union adopted a Council Directive (Directive) introducing mandatory disclosure rules for EU-linked intermediaries such as lawyers, accountants and tax advisers.
In this issue of Quoted, we give a detailed description on the Directive. Paragraph 2 includes an executive summary. Paragraph 3 will provide a short overview of the background to this Direction. Paragraph 4 will focus on the most relevant provisions and definitions of the Directive. In paragraph 5 the position of the taxpayer is addressed and some guidance is given as to how taxpayers can organise themselves to be in control of the implementation of the Directive. The Annex to this Quoted contains an overview of the so-called hallmarks.
Please read Quoted below or download the PDF version.