DAC6 courses fully updated – which course should your staff take?

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Screenshot of DAC6 advanced training scenarios
Our DAC6: Advanced course includes real scenarios to test users’ knowledge and understanding of their reporting requirements

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: AdvancedDAC6: Fundamentals
Target AudienceMatter Partners
Staff who are responsible for assessing matters for DAC6
All other staff in your organisation
Duration30 minutes10 minutes
Learning outcomesDeep understanding of which transactions should be reported and whenAwareness 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: AdvancedDemo 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.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

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James

VinciWorks CEO, VInciWorks

Spending time looking for your parcel around the neighbourhood is a thing of the past. That’s a promise.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.