UK Finance Response Mandatory Disclosure Rules Consultation

We welcome the opportunity to respond to the HM Revenue & Customs HMRC Mandatory Disclosure Rules - Consultation 'the Consultation'.

We welcome the opportunity to respond to the HM Revenue & Customs HMRC Mandatory Disclosure Rules - Consultation 'the Consultation'.

We note that Members of the financial services industry invested significant time and resources in recent years in complying with the EU's Directive on Administrative Compliance 6 DAC6. This experience, including the unexpected repeal of this legislation in late 2020, has informed our comments here.

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