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DAC6 is a European Directive aimed at tackling tax avoidance and tax evasion, strengthening tax transparency and improving information sharing between EU member states. The Directive requires lawyers, accountants, tax advisers, bankers and other “intermediaries” to report certain aggressive cross-border arrangements. These “mandatory disclosure requirements” (MDR) mean that even arrangements without a particular tax motive may need to be reported to the tax authorities. Training is recommended in order to understand the intricacies of these hallmarks and to determine which transactions must be reported.
VinciWorks has just updated its DAC6 training to reflect guidance from HMRC feedback following consultation with leading international law firms. Our training includes both an advanced course that explains each hallmark in depth along with practical examples and scenarios to test the learner’s understanding and a 10-minute overview of DAC6 legislation, what it is and why you should care.
Which DAC6 course should my staff take?
We have created two courses to ensure all your staff, whether DAC6 affects their role directly or not, can train on the complicated new Directive. Here is some guidance on how to choose which course to enrol your staff in:
DAC6: Advanced | DAC6: Fundamentals | |
Target Audience | Matter Partners Staff who are responsible for assessing matters for DAC6 | All other staff in your organisation |
Duration | 30 minutes | 10 minutes |
Learning outcomes | Deep understanding of which transactions should be reported and when | Awareness of DAC6, its importance and key details |
Topics covered | ||
What is DAC6? | ✔️ | ✔️ |
What needs reporting? | ✔️ | ✔️ |
Main benefit test | ✔️ | ✔️ |
Overview of the Hallmarks | ✔️ | |
Penalties | ✔️ | ✔️ |
Reporting requirements | ✔️ | some |
Legal professional privilege | ✔️ | some |
Relying on other intermediaries | ✔️ | some |
Detailed explanation of each Hallmark | ✔️ | |
Examples for each Hallmark | ✔️ | |
Assessing reporting jurisdiction | ✔️ | |
Scenario questions | ✔️ | |
Demo DAC6: Advanced | Demo DAC6: Fundamentals |
If you are still not sure which DAC6 course to enrol your staff in, contact us using the short form below and a member of our team will be in touch.