Policy paper

Automatic Exchange of Information (AEOI) powers consolidation and technical amendment to the OECD Mandatory Disclosure Rules primary power

This measure consolidates four existing Automatic Exchange of information (AEOI) powers into one provision and provides a technical amendment to the OECD Mandatory Disclosure Rules power

• From: HM Revenue & Customs
• Published: 15 March 2023

Documents

OECD Mandatory Disclosure Rules, technical amendment to primary legislation and Automatic Exchange of Information (AEOI) powers consolidation.

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Details

This measure implements two changes.

1. It consolidates four existing powers that allow Automatic Exchange of Information (AEOI) regulations to be laid. The previous statute relating to these powers will be repealed. This simplifies the tax code by placing all powers to lay AEOI regulations in one place and will allow the government to implement future AEOI regimes more efficiently.
2. The power to lay the OECD Mandatory Disclosure Rules (MDR) regulations will be subject to a technical amendment so that it works as intended.

Published 15 March 2023