Law Society publishes guidance on DAC6 and legal professional privilege
DAC6 is an EU directive that requires lawyers (and other intermediaries) to report certain cross border tax arrangements to local tax authorities. There is a provision within DAC6 that exempts lawyers from reporting, where a report would breach legal professional privilege. In such a case, the lawyer is expected to notify the taxpayer (and in […]
Anti-money laundering guide — Bringing relevance to the heart of training
After interviewing leading experts in AML and instructional design, it has become clear that the single most significant factor in delivering effective training is relevance. Training that resonates with the user, that feels like it was written with his or her particular industry, practice area or job role in mind, works. We have created a […]
On-demand webinar: DAC6 for multinationals – An overview of VinciWorks’ DAC6 reporting solution
Register for our DAC6 email updates Any company that undertakes international tax arrangements could be affected by DAC6. Reports may be made by professional advisers, known as “intermediaries”, that advise on the arrangements, but where an arrangement is organised in-house or the intermediary cannot report for another reason, the responsibility falls on the taxpayer to […]
How to mitigate the risk of financial crime during COVID-19
While much of the world has been in lockdown and most staff have been working from home, financial crime has not disappeared. In fact, fraud has become more sophisticated than ever with many criminals using the pandemic as an opportunity to exploit vulnerabilities. It is crucial to adapt financial crime controls such as anti-money laundering […]
HMRC completes draft of DAC6 reporting schema
Register for our DAC6 email updates HMRC has completed a draft of its XML schema for making automated DAC6 reports. When DAC6 comes into force HMRC will allow reporting by one of two methods: XML file upload – This method is expected to be available from 1 July 2020 Manual data entry – We do […]
Regulatory Agenda for June 2020 – Now available as a podcast
To help businesses keep track of updates in UK legislation and policies, VinciWorks regularly publishes a regulatory update. Since our last update in May, the government has released further guidance on getting back to work safely as and when each industry begins its efforts to get back to normal. Our regulatory agenda is now available as […]
Omnitrack version 2.13.0
Comments section enhancements Design improvements to newly added comments Added the ability to delete or edit a comment See how it works Improvements to workflow tabs (Inbox/Register) New columns get added on screen Confirmation before deleting a submission Created date added as a new system column Highlight grid row when clicked to save the last […]
Anti-money laundering compliance – When training met relevance
When it comes to compliance training, the antidote to boredom is relevance. Training that isn’t relevant is boring, unengaging and of limited effect. Training that resonates with the user, that feels like it was written with his or her particular industry, practice area or job role in mind, works. Content that isn’t engaging isn’t going […]
Offices After Covid-19: What is “the New Normal”?
It’s something we’re hearing daily: businesses and employees will have to adapt to a post-coronavirus “new normal”. It seems clear that the life we return to, if and when restrictions are lifted, will not be the world we left when lockdown began in March. It’s possible the full extent of the changes prompted by this […]