Compliance CPD Series 2020 – Session One – MDR – Mandatory Disclosure Rules on CRS Avoidance Arrangements

Course Summary

MDR (Mandatory Disclosure Rules) is a disclosure regime requiring promoters and service providers to report information they hold to the relevant tax authority in relation to certain arrangements and structures.

Guernsey is implementing the OECD’s MDR in relation to CRS avoidance arrangements and opaque offshore structures. However, there are two distinct MDR regimes and the EU’s MDR regime (DAC6) is wider reaching.

This session will take a look at the different MDR regimes and explore who they apply to and when reporting is required.

30-day disclosure timeframes mean systems and processes must be ready and fit for purpose.

Most, if not all, firms in the finance industry will need to consider the impact of MDR on their business so don’t miss this update on all the essential information you need to implement this regulation properly.


Topics to be covered will include:

  • Overview of MDR
  • The differences between the OECD MDR and EU’s DAC6
  • When does MDR come into force?
  • What arrangements / structures are reportable?
  • Who has an obligation to report (who is a promotor / service provider)?
  • What information needs to be disclosed?
  • When is reporting required and how?
  • Could there be separate obligations in Guernsey under DAC6?

The session will focus primarily on the OECD version of MDR being implemented in Guernsey, but will also explore situations where local businesses may have obligations under the wider-reaching EU MDR (DAC6).

Course Benefits

Gain an understanding of this new regime applicable to Guernsey businesses in the finance sector. Identify how and when this new regime applies and what needs to be done to be ready for identification and reporting.

Tutor Profile

David White is an Associate Partner at Ernst & Young LLP and Head of Tax in the Guernsey office.

David brings a broad base of tax experience from working in diverse jurisdictions, markets and industries and across a full range of taxes. He likes to make tax accessible to non-tax specialists, he enjoys facilitating, training and presenting and has previously taught the tax module of an MBA programme.

David works in the financial services sector and advises on Guernsey and UK/international taxation for individuals, companies and employers. His experience includes identification and design of tax data, systems and processes, and advising on management of tax risk.

Course at a Glance

  • Next Start Date: 26 February 2020
  • CPD Points: 1
  • Course Cost: £45.00
  • Course Length: One hour (12:30-13:30)
  • Location: GTA University Centre, Guernsey
  • Tutor: David White

There are no dates currently available for this course, If you would like to register your interest please complete the form below:

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