The UK replaces DAC6 with the OECD’s model Mandatory Disclosure Rules (MDR) post-Brexit

The disclosure of cross-border tax planning arrangements under Council Directive (EU) 2018/822 (DAC6) came into force on 1 July 2020 and requires reporting of any persons involved in cross-border arrangements, including loan agreements, payments from a resident of one country to a resident of another, or putting funds in an offshore trust, if one of the… Read More The UK replaces DAC6 with the OECD’s model Mandatory Disclosure Rules (MDR) post-Brexit

January 4, 2021January 12, 2021 STEPeditorLeave a comment

Policy watch: Debating the UK Finance Bill

STEP members may be interested in a reasoned debate that took place last Wednesday, 6 September in the UK House of Commons, which gave some insight into the view of both the opposition and the government as to how offshore trusts are perceived. Parliament came back from its summer holidays last week, albeit not for… Read More Policy watch: Debating the UK Finance Bill

September 11, 2017September 11, 2017 STEPeditorLeave a comment

STEP Caribbean Conference, Cayman

I have just enjoyed a highly informative STEP Caribbean Conference in Cayman from May 1-3, which attracted well over 300 delegates from across the STEP world. Presentations ranged from the emerging theme of cryptocurrencies, which I suspect is a wholly new topic to many in the audience, to the use of firewall provisions in fending… Read More STEP Caribbean Conference, Cayman

May 4, 2017 STEPeditorLeave a comment

STEP England & Wales Biannual Statement – December 2016

Six months ago we were all stunned at Brexit. Now we are also wondering how a Trump presidency will unfold and what further shocks national electorates may give across Europe, given the various elections ahead. STEP is monitoring the situation closely and is in discussions with other relevant professional bodies as well as maintaining lines… Read More STEP England & Wales Biannual Statement – December 2016

December 7, 2016 STEPeditorLeave a comment

How will Brexit affect the third sector?

STEP’s Charities UK and Philanthropy Advisors Special Interest Groups hosted a seminar on Charities and Brexit on 6 September presented by STEP members Ed Powles TEP and Tom Dumont TEP and chaired by Suzanne Reisman TEP, writes Emily Deane. According to those in the charity sector there was an immediate drop in charitable donations after… Read More How will Brexit affect the third sector?

September 7, 2016July 4, 2017 STEPeditorLeave a comment

Brexit: Focus must be on cross-border families

The UK’s historic vote on 23 June to leave the European Union has caused huge uncertainty, particularly for the three million EU citizens currently living in the UK, and the two million or so British people who live in other EU countries. Brexit has huge implications for cross-border families, both in the UK and in… Read More Brexit: Focus must be on cross-border families

June 28, 2016July 19, 2016 STEPeditorLeave a comment

The STEP Blog

Tag: Brexit