UK Consulting on New Mandatory Disclosure Requirements and Planning Master and Local File Documentation Requirements

The UK Government has published Tax Administration and Maintenance: Autumn 2021, which includes consultations, calls for evidence, and other documents related to tax policy development and the administration, maintenance, and reform of the tax system. This includes a consultation on draft regulations for the introduction of new mandatory disclosure rules. The draft regulations provide for the introduction of the OECD's Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaq…