HMRC has published the outcome to its consultation concerning the introduction of new requirements that intermediaries involved in creating or promoting complex offshore structures notify HMRC both of the particulars of the relevant arrangements and the clients seeking to use them.

The document explains that many respondents believe that the requirements would work more effectively if the rules worked internationally rather than being restricted to the UK. The OECD and the EU have been working on similar arrangements and the government has indicated that it intends to work alongside these institutions in the future.

The consultation documents can be viewed here