Category Archives: Events

On-demand webinar: DAC6 reporting solution – Feature updates

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Wednesday, 29 July, 12pm UK time

In March, we hosted a live demo of our reporting solution where we covered the core features of our DAC6 reporting software. Since then, the system has evolved to help businesses solve all the challenges presented by the complex Directive. Even if you have seen a demo of the product in the past, now is the time to get up-to-date with the implementation process.

Here are just some of the updates we have made:

  • Enhanced workflow with country-by-country guidance
  • Ability to report in multiple jurisdictions
  • New graphical customisable dashboards

In this webinar, we covered the core features of our software, new features that have recently been added and give guidance on how businesses can use it to report transactions. This webinar is suitable for both those who have attended previous demos and those who are less familiar with our system.

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On-demand webinar: DAC6 for multinationals – An overview of VinciWorks’ DAC6 reporting solution

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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 file their own report.

VinciWorks has been in close consultation with HMRC, other tax regulators and over 100 leading international firms to establish the implications of the EU Directive and build a reporting solution to help businesses comply.

In this webinar, we covered the core features of our software and shared guidance on how international businesses can use it to report and track transactions.

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On-demand webinar: DAC6 – What multinationals need to know

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DAC6 is a new EU tax directive designed to reduce tax avoidance through new mandatory reporting requirements. Once reporting requirements begin, any company that undertakes international tax arrangements could be affected by DAC6.

In this webinar, Director of Best Practice Gary Yantin and Legal and Research Executive Ruth Mittelmann Cohen take us through multinational taxpayers’ responsibilities with regards to reporting cross-border transactions in line with DAC6.

The webinar covers:

  • A brief introduction to DAC6 and how it affects multinationals and large businesses
  • Multinationals’ responsibilities and when they need to report
  • How to keep track of your intermediaries and their reporting
  • How VinciWorks’ DAC6 reporting solution can help multinationals stay on top of DAC6 compliance

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On-demand webinar: DAC6 – Advanced workflows in practice

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Register for our DAC6 email updates

For the past year, we have researched DAC6 in-depth, consulted with HMRC, hosted meetings with over 100 law firms, collaborated with international tax experts and built a DAC6 reporting tool. The tool features workflows designed and updated for the intricacies of each EU member state’s implementation of DAC6.

In this webinar we answered some of the most common questions we receive about DAC6 workflows and how those workflows can be implemented in the DAC6 reporting tool.

These questions include:

  • How do I set up reporting deadline reminders?
  • How do I deal with multiple jurisdictions?
  • How does on-premises hosting work?
  • How do I manage XML schemas?
  • When is the 30-day reporting period triggered?
  • How to deal with multiple jurisdictions
  • How to customise forms and dashboards to suit your firm and staff

During the meeting, we demonstrated how our tool can be used to manage any workflow and solve many of the coordination and compliance challenges that DAC6 poses. You can request a recording or book a demo by clicking the button below.

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On-demand webinar: DAC6 — Understanding HMRC’s draft guidance

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Register for our DAC6 email updates

Back in January, VinciWorks held a core group meeting with HMRC’s DAC6 policy lead James Marshall. A key outcome of the meeting was that HMRC would be required to provide clarifications in its DAC6 guidance document in order to answer many pressing questions that law firms and other intermediaries had about the UK’s implementation of DAC6.

At the end of March 2020, HMRC shared with VinciWorks the latest version of its draft guidance. While the final guidance is not expected until later on in the year, the draft guidance gives much insight into HMRC’s view of this challenging piece of legislation.

In this webinar, VinciWorks’ Legal and Research Executive Ruth Mittelmann Cohen and Director of Best Practice Gary Yantin took us through the details of HMRC’s latest draft guidance on DAC6.

Key talking points:

  • Reportable cross-border arrangements, including the impact of Brexit
  • Understanding the main benefit test and tax advantages
  • HMRC’s interpretation of the hallmarks, including relevant examples
  • Reporting obligations and the relevant reporting triggers
  • Details of information to be reported
  • The potential penalties for non-compliance and examples of finable offences

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On-demand webinar: Mental Health: Wellbeing at Work

There has been increasing public awareness, political concern, and corporate action on mental health in the UK in recent years. This comes amid more referrals to mental health services, an explosion in prescriptions for anti-depressants, an increase in work days lost to mental health problems, and a stark rise in suicide, particularly among young men. In light of the current COVID-19 pandemic, stress and anxiety will only be exacerbated.

In this webinar, we explored employers’ moral and legal responsibility towards their staff’s wellbeing. We were also joined by DAC Beachcroft’s Head of Employee Relations Ben Morris and Pinsent Masons LLP’s Diversity and Inclusion Consultant Kate Dodd to explore initiatives that businesses have introduced to good effect and what lessons have been learnt.

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On-demand webinar: DAC6 – A live demo of our reporting solution

Register for our DAC6 email updates

On 13 January 2020, HMRC laid the UK’s DAC6 legislation before the House of Commons in the form of the International Tax Enforcement (Disclosable Arrangements) Regulations 2020, Statutory Instrument 2020 No. 25. The legislation will come into force on 1 July 2020. Reporting will be required for transactions in which the first step of implementation was carried out on or after 25 June 2018.

Since DAC6 was adopted by ECOFIN on 25 May 2018, VinciWorks has been in close consultation with HMRC and over 50 leading international firms to establish the implications of the EU Directive and build a reporting solution to help firms comply.

In this webinar, we covered the core features of our software and gave guidance on how intermediaries can use it to report transactions.

You can request a recording of the webinar by clicking the button below.

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On-demand webinar: DAC6 – How to prepare

Register for our DAC6 email updates

DAC6 is an EU Directive that aims to strengthen tax transparency and fight against aggressive tax planning. Anyone who is involved in a cross-border arrangement including certain characteristics might fall within the scope of DAC6. This might include banks, trust companies, insurance companies, holding companies, group treasury functions, consultants, accountants, financial advisors and lawyers (including in-house).

On 13 January 2020, HMRC laid the UK’s DAC6 legislation before the House of Commons in the form of the International Tax Enforcement (Disclosable Arrangements) Regulations 2020, Statutory Instrument 2020 No. 25. The legislation will come into force on 1 July 2020. Reporting will be required for transactions in which the first step of implementation was carried out on or after 25 June 2018.

In this webinar, we were joined by Director of Best Practice Gary Yantin and Research and Legal Executive Ruth Cohen to share the key findings of HMRC’s final legislation and its consultation and give guidance on best practice to firms on their reporting requirements under DAC6.

The webinar will include:

  • A summary of HMRC’s implementation of DAC6
  • Examples of how different countries have implemented DAC6
  • A summary of our findings from core group meetings with leading international firms
  • Practical application of DAC6 in your firm
  • Answering questions from attendees

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On-demand webinar: Is GDPR over? What Brexit means for UK data protection law

27% of our listeners have suffered a data breach since GDPR came into force

On 31 January 2020, the UK will leave the European Union, and GDPR as we know it will come to an end.

From exit day, the GDPR we have become familiar with will disappear from the statute book and the Data Protection, Privacy and Electronic Communications (Amendments etc) (EU Exit) Regulations 2019 will come into effect. This will result in hundreds of changes to both the GDPR text in UK law and the Data Protection Act 2018.

In this webinar, our Director of Course Development Nick Henderson and DPO Ruth Cohen helped organisations understand what data protection looks like in a post-Brexit world.

The webinar covered:

  • How Brexit will impact on UK data protection law
  • What changes organisations, DPOs and compliance officers need to make to their policies and procedures
  • The most recent GDPR cases from across the UK and Europe
  • The latest in compliance advice and inside tips
  • Answering all your GDPR and Brexit questions

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On-demand webinar: The Fifth Anti-Money Laundering Directive – What Now?

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On 10 January 2020 The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 came into force. This statutory instrument updates the UK’s existing anti-money laundering legislation to take account of the Fifth Directive. With the UK due to exit the European Union just three weeks after, what will the future of money laundering regulation look like?

In this webinar, our experts gave guidance on the application of the Fifth Directive in the UK and what to watch out for in the post-Brexit UK money laundering regime.

The webinar covered:

  • What will the future of money laundering regulation in the UK look like?
  • What are the key changes under the Fifth Directive?
  • Answering questions from registrants

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