GDPR breaches – reporting best practice
Major GDPR fines reach a collective €270 million Since GDPR came into force in May 2018, there have been almost €270 million worth of major fines (those with a value of over €100,000) handed to a total of 50 companies. Companies who have been hit with these fines include Google, British Airways, Marriott Hotel Group […]
DAC6: The challenges around legal professional privilege in the UK
Legal professional privilege (LPP) is an extremely complicated topic that requires subject matter expertise. When you add DAC6 regulations to the mix, things get even more challenging. Back in June 2020, following consultations with leading counsel, the Law Society released guidance on their approach to LPP and DAC6. A summary of this document can be […]
HMRC release DAC6 reporting updates
On 2 November 2020, HMRC released an updated version of their XSD schema and user guide. HMRC also released a brief note addressing some of the specific queries raised in feedback on the previous draft of the XSD schema. Here are some interesting points to note: Reporting Portal Work is ongoing on the development of […]
Argentina to implement DAC6-style legislation
Argentina is set to implement a new mandatory disclosure regime (MDR) aimed at reducing international tax evasion. The Argentinian law is modelled after DAC6, a European directive that requires lawyers, accountants, tax advisors, bankers and other “intermediaries” to report some aggressive cross-border tax arrangements. It is part of a broader OECD initiative to combat tax […]
Ten ways to customise your compliance training
How to Customise Your Compliance Training We are passionate about behavioural change. We believe that e-learning has the potential to surpass the classroom experience by delivering targeted, personalised content that feels relevant to every user. But ensuring that each learner takes a course that is engaging and relevant to their specific job role and learning […]
On-demand webinar: DAC6 reporting — Your questions answered
Register for our DAC6 email updates DAC6 has now been in force for over three months, with intermediaries and businesses in Germany already having to report historical transactions. Over the past 18 months, VinciWorks has consulted with international law firms, accounting firms, corporate compliance teams and tax authorities to help them grapple with the Directive […]
No one likes a Super Spreader… of Personal Data
Fear is a great motivating factor for people to start complying with previously ignored rules and regulations – whether that applies to COVID19 or GDPR. Take for instance the increasing number of anti-maskers suddenly masking up following spiking numbers of COVID-19 deaths in their area. Like most of us not believing authorities’ dire predictions until […]
Coming Soon: Your New Performance Suite
Effective performance management is the bedrock of good relations between managers and employees. Your organisation needs eLearning that can keep pace with the skills demanded from managers and workers alike. That is why we’re launching our all-new, upgraded Performance eLearning suite. The new courses are already in production and will release between late 2020 and the […]
Omnitrack version 2.24.0
Features & improvements Workflow status transitioning We’ve updated the admin experience to allow submissions to be transitioned between statuses with no limitations. It also works in bulk! DAC6 reporting update We’ve added support for reporting schemas in five additional countries and will continue to expand as new schemas are released ahead of the January 1st […]