TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

EU and Andorra sign deal on automatic exchange of tax data

The European Union and Andorra signed an agreement aimed at improving tax compliance by private savers.

The agreement aims to clamp down on tax evasion by requiring EU member states and Andorra to exchange information automatically and thereby improve cross-border access to information on the financial accounts of each other’s residents.

The agreement upgrades a 2004 agreement that ensured that Andorra applied measures equivalent to those in an EU directive on the taxation of savings income. The aim is to extend the automatic exchange of information on financial accounts in order to prevent taxpayers from hiding capital representing income or assets for which tax has not been paid.