Regulatory Agenda for December 2020
To help businesses keep track of updates in UK legislation and policies, VinciWorks regularly publishes a regulatory update. Our regulatory agenda for December covers EU developments, including the imminent end of the Brexit transition period, ongoing acts of parliament, the latest COVID-19 government guidance and more. What’s in the regulatory agenda? What’s new this month? […]
What does the new Financial Services Bill mean for you?
As promised in the Queen’s Speech, the government has announced a new Financial Services Bill. While it’s a bit of a smorgasbord of different rules and measures, there are some important measures that will affect firms across the financial sector, as well as those seeking to maintain access to the UK after the end of […]
HMRC: DAC6 Reporting Update
As we draw closer to 1 January 2021, when DAC6 reporting requirements begin across all EU member states, many tax authorities are beginning to make the final preparations for DAC6. VinciWorks is in close contact with tax authorities across the EU. Here is the latest update from HMRC: Reporting Site: HMRC will be carrying out […]
What is Mexico’s Mandatory Disclosure Regime (MDR)? Download our guide
Mexico has introduced a new law that requires lawyers, accountants, bankers and tax advisers to proactively report certain tax transactions to the tax authorities. The Mexican law is part of an OECD initiative to combat tax evasion, known as BEPS Action 12, and is similar to the EU’s DAC6 regulation. Mexico’s mandatory disclosure law will be in […]
On-demand webinar: DAC6 – The non-legal perspective
Register for our DAC6 email updates Wednesday 25 November, 12:00pm (UK) How does DAC6 affect banks, investment houses, accounting firms, multinationals, and taxpayers? DAC6 is a European directive aimed at reducing international tax evasion and promoting transparency. It requires any company that serves as an “intermediary” to a cross-border tax arrangement to assess that arrangement […]
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 […]