Are you facilitating tax evasion?
The Criminal Finances Act has been in force since 2017. While there have been no prosecutions as yet, HMRC are currently investigating thirteen potential violations of the Corporate Criminal Offence of failing to prevent the facilitation of tax evasion, with another 18 cases under review. This offence is broad-reaching. It can be committed whether the […]
Sitting Comfortably? Protecting your Posture when Working from Home
We’re many months into the coronavirus pandemic and a return to office life as we knew it still seems a long way off, if it comes at all. When settling in for the long-term “new normal”, there’s a question every employer needs to be asking their staff: “are you sitting comfortably?” Employees can begin by […]
DAC6 and Hedge Funds
DAC6 is a European directive aimed at reducing international tax evasion and promoting transparency. It requires “intermediaries” to report some aggressive cross-border tax arrangements. What do hedge funds need to know about DAC6? Hedge funds are exposed to DAC6 compliance concerns on multiple fronts. Both in fundraising activities and while making investments, hedge funds could […]
Omnitrack version 2.26.0
Major upgrade to Omnitrack hosting on-premises Companies that host Omnitrack on their own servers on premises will now be able to install patch upgrades with each Omnitrack release. There is a also a new management console for on-premises management allowing all setup and updates via a simple interface and new diagnostic tools available. Hosting Omnitrack […]
Complying with the Posted Workers Directive (PWD)
What is a posted worker? A ‘posted worker’ is an employee or agency worker who is temporarily sent by an employer from one European Economic Area (EEA) country (and Switzerland) to another. What is the Posted Workers Directive? The Posted Workers Directive was originally passed by the European Union in 1996, with a major revision […]
VinciWorks’ DAC6 reporting solution awarded runner up prize in the British Legal Technology Awards
Register for our DAC6 email updates Thursday 12 November, 2020 This year, our DAC6 reporting solution was awarded the runner up prize in the category of IT Product or Service of the Year in the British Legal Tech Awards. The announcement took place during a virtual black-tie ceremony hosted by Netlaw Media and follows hard […]
Criminal Finances Act – reasonable procedures checklist
Are your staff aware of the reasonable procedures under the Criminal Finances Act? The Criminal Finances Act, which came into force in September 2017, introduced the requirement for businesses to have reasonable procedures to prevent the facilitation of tax evasion. If you do not feel that your organisation complies with the Criminal Finances Act, it is important […]
Now Available – New Data Protection Collection
Check out our brand-new Data Protection Collection – the third Compliance Collection we launched this year. An innovative new approach for keeping awareness training programmes fresh, year on year. Mitigating the Risks of Data Breaches Last month, British Airways was fined £20M over a data breach that took place in 2018. While Marriott Hotels was fined for £18.4M for […]
DAC6 in Germany: Partial reporting just got even more complicated
The German tax authority has confirmed to VinciWorks in line with their latest edition of the DAC6 Communication Manual that they will no longer be accepting partial reports in certain cases where legal professional privilege applies. Instead, the taxpayer will be expected to make a complete report. Reports for non-marketable arrangements will (contra legem) no […]
Year Four of the Criminal Finances Act – what now?
What you need to do now to prevent facilitation of tax evasion We’re coming up to Year Four of the Criminal Finances Act. And while we haven’t seen a rush of prosecutions that many feared, the British authorities have been ramping up enforcement in recent months with 13 live investigations of the failure to prevent […]
