On-demand webinar: OECD’s Mandatory Disclosure Rules (MDR) – What you need to know
The OECD’s BEPS 12 is a set of principles around Mandatory Disclosure Regimes. To date, the OECD has only developed model rules around Common Reporting Standards (CRS) avoidance and opaque structures. EU member states have implemented OECD’s BEPS 12 through DAC6. The UK announced that as part of the Brexit agreement, they would be transitioning […]
5 Must-Have Modern Slavery Controls For Retail Businesses
In July 2020, an undercover report found workers in Leicester making clothes for online fashion retailer Boohoo being paid as little as £3.50 an hour. Later in December 2020, the Guardian published another article alleging that Boohoo was selling clothes made in a factory in Pakistan where workers were earning as little as 29 pence an hour. Figures from […]
HMRC update their DAC6 guidance documents
HMRC have updated their DAC6 guidance following the unexpected announcement on 31 December 2020 that in light of Brexit, DAC6 would be changed in the UK to be more aligned with the OECD’s model Mandatory Disclosure Rules. The changes were implemented through Statutory Instrument 2020/1649.
DAC6: Spanish reporting system still not available
Tax advisers are still unable to report DAC6 arrangements in Spain due to the lack of a reporting system. The EU’s DAC6 Directive requires reporting of historical arrangements by the end of February, but the Spanish Tax Agency (Agencia Tributaria) has not yet enabled a mechanism to make a report. The Spanish Association of Tax […]
New podcast episode of MDR Unpacked: Episode 2 – Gibraltar
In our latest episode of MDR Unpacked, our Director of Best Practice Gary Yantin and Head of Legal and Product Research Ruth Mittelmann Cohen share the latest updates on the Mandatory Disclosure Rules in Gibraltar. They will look at what MDR means in Gibraltar, the timescales, the penalties and who needs to comply. Listen now
Download a gifts and corporate hospitality policy template
Does your organisation have an up-to-date gifts and corporate hospitality policy in place? Are you able to easily register any gifts you receive or give? Having an up-to-date gifts and corporate hospitality policy in place will help you comply with your responsibilities under the Bribery Act and other anti-corruption legislation. Download template What is a corporate gifts […]
Free anti-bribery and corruption policy template
In 2020, Airbus paid a record £3bn in fines for ‘endemic’ corruption. This settlement surpassed the previous UK record for a corporate fine for bribery, which was the £671m paid by Rolls-Royce, Britain’s luxury car manufacturer, in 2017. Despite the UK Bribery Act having come into force in 2010, bribery is still a hugely problematic issue […]
RECENT RELEASES: Performance Suite
Our upgraded Performance suite is continuing to grow. Following the four releases we announced in January, we’re pleased to announce the arrival of six new Performance courses. There are several more currently in the pipeline, so expect regular updates about the new content coming across employee relations, performance management and recruitment. The New Performance Courses Flexible […]
DAC6 Country Profile: UK
Register for our DAC6 email updates We are publishing a series of guides on how each EU member state has implemented DAC6. The guide provides a preview to our full up-to-date country-by-country guide to DAC6. Our next guide focusses on the UK’s implementation of DAC6. This blog was originally published in July 2020 and was updated […]