The OECD 2018 Peer Review Reports on the Exchange of Information on Tax Rulings shows that increasing transparency on tax rulings, in accordance of action 5 of the Base Erosion and Profit Shifting (BEPS) project, is being achieved.

The report shows that as at the end of 2018, more than 18,000 tax rulings had been identified and almost 30,000 exchanges of information have taken place. You can read about Ireland’s profile from page 249 of the report. The UK’s profile is available from page 533. Ireland and the UK met all aspects of the terms of reference for 2018 and no recommendations are made in the report.

According to the OECD the annual review process is helping to drive further progress and the Inclusive Framework will continue to pursue progress in this area, with the next annual peer review in 2020.