Executive summary
On 1 July 2020, the United Kingdom (UK) Tax Authority, Her Majesty’s Revenue and Customs (HMRC) published the UK Mandatory Disclosure Regime (MDR) Guidance (the Guidance) publicly for the first time. The content has been added to the International Exchange of Information Manual, and can be accessed at: https://www.gov.uk/hmrc-internal-manuals/international-exchange-of-information/ieim600000.
The Guidance had previously been circulated in draft to interested parties, and a previou…