The new EU mandatory disclosure rules will come into force on 25 June 2018. Make sure you understand what these rules mean for you.
The Government first announced its proposal to introduce a Public Register of Beneficial Ownership of UK Property in 2016. Following an initial consultation in 2016 and a further call for evidence in 2017, the Government has now published its plans to implement the register in the light of the responses to the call for evidence.
The CCO rules apply to companies, partnerships and permanent establishments of all sizes; we’ve found existing controls and documentation for funds and portfolio companies are often not sufficient. We can help.
Companies and groups qualifying under the Senior Accounting Officer legislation (UK turnover of £200m or gross balance sheet assets of £2bn) or with EUR 750m worldwide turnover are required to publish a UK tax strategy on their website by the end of the first period beginning on or after 15 September 2016.