UK HMRC has updated its International Exchange of Information Manual with the posting of a COVID-19 update concerning the impacts of COVID-19 as a reasonable excuse for delayed reporting in relation to Country-by-Country reporting, DAC6 reporting on cross-border arrangements, and CRS and FATCA reporting. The update also notes the European Commission's proposed delay in initial DAC6 reporting. HMRC will confirm how this will apply to UK's rules when the delay is finalized.
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Covid-19 up…