The European Commission has published new proposals which, if enacted, will require the compulsory reporting of cross-border tax planning arrangements. The reporting requirements will fall upon “intermediaries” in circumstances where the arrangements fall into a broadly defined set of “hallmarks”.

The proposals, which will amend the existing Directive for Administrative Cooperation, is yet to be adopted by the European Council, however, it is expected that the new legislation will come into force from January 2019.

The Commission’s press release can be found here