Mandatory Disclosure Rules (UK MDR)

• 20 Minutes
• For all staff
• UK

The Mandatory Disclosure Rules are designed to tackle offshore tax evasion and deter people from entering arrangements built to evade tax. This 20-minute course provides an overview of the UK MDR, explaining what it is, when and to whom it and related legislation apply, and identifying the cross-border arrangements that must be reported.

Reporting obligations frequently fall on intermediaries who advised on part of a structure rather than designing it, and the deadlines are short. Penalties apply per failure. Training advisory and client-facing staff to recognise a reportable arrangement when they see one is the only reliable way to meet the deadline, because the alternative is discovering the obligation after it has passed.