OrbitaxUK Parliament Committee Questions HMRC's Authority to Enforce Anti-Avoidance Regulation Included in CbC Rules
|Proposed Changes|United Kingdom
In a recently published report from the UK Parliament Select Committee on Statutory Instruments, the Committee questions whether HMRC has the authority to enforce the anti-avoidance regulation (regulation 21) included in the final Country-by-Country (CbC) reporting regulations issued on 26 February 2016 ({News-2016-02-29/A/2- previous coverage}). Regulation 21 includes that if a person enters i…
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