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

ECOFIN agrees to introduce mandatory disclosure rules for tax intermediaries and updates its black list on tax havens

Ministers attending the European Economic and Financial Affairs Council meeting on 13 March reached agreement on the introduction of a directive on transparency requirements for tax intermediaries.

Intermediaries such as tax advisors, accountants and lawyers will be obliged to report tax planning schemes that could be aggressive and member states will be required to share that information automatically. Member States must transpose the directive into their domestic legislation by 31 December 2019, with the mandatory disclosure requirements applying from 1 July 2020.

The Council also updated the EU’s list of non-cooperative jurisdictions and removed Bahrain, the Marshall Islands and Saint Lucia from the list and added the Bahamas, Saint Kitts and Nevis and the US Virgin Islands.