10 July 2018 UK takes steps to implement EU Anti-Tax Avoidance Directive As part of the draft Finance Bill clauses published by the United Kingdom (UK) Government on July 6, a number of changes have been proposed to ensure that the provisions of the European Union (EU) Anti-Tax Avoidance Directive (ATAD) are transposed into UK tax law as required. Although the UK is scheduled to leave the EU on March 29, 2019, and the Withdrawal Agreement has not yet been finalized, it is expected that the UK will need to comply with the ATAD requirements at least throughout any transition period agreed. Consequently, the UK is proposing to implement any changes that would be required to be brought in by the ATAD by January 1, 2019 (when the UK will still be within the EU) or January 1, 2020 (which is expected to be within the transition period). Requirements that must be implemented by a later date are still under review. Document ID: 2018-1370 |
