On-demand webinar: DAC6 — Understanding HMRC’s draft guidance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At the end of March 2020, HMRC shared with VinciWorks the latest version of its draft guidance. While the final guidance is not expected until later on in the year, the draft guidance gives much insight into HMRC’s view of this challenging piece of legislation.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Executive Ruth Mittelmann Cohen and Director of Best Practice Gary Yantin took us through the details of HMRC’s latest draft guidance on DAC6.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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Every VinciWorks webinar in 2019

In 2019 we hosted nine free webinars with industry experts on hot compliance topics. Through the webinars, we helped hundreds of businesses by answering several hundred compliance questions on GDPR, the SRA’s Standards and Regulations, competition law, whistleblowing, health and safety and more. All webinars are available on-demand:

We are committed to continuing to bringing top experts to our webinars in 2020. Our first webinar of 2020 will be on January 15th and will focus on compliance with the new Fifth Anti-Money Laundering Directive. Register for free below.

The Fifth Anti-Money Laundering Directive – What Now?

On-demand webinar: SRA Standards and Regulations – Your questions answered

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On 25 November 2019, the changes to the SRA Handbook, now known as the SRA Standards and Regulations, came into force. To help solicitors understand their requirements under the reforms, our Director of Best Practice Gary Yantin was joined by the SRA’s Policy Associate Jatinderpal Loyal to answer our audience’s questions.

Here are some of the questions answered by Jatinderpal during the webinar:

  • Do the new Principles and Code apply to unqualified employees?
  • What are the key changes to the conflicts and confidentiality provisions in the new Code of Conduct(s)?
  • How should firms stay updated on the STaRs?
  • Will there be an increase in reports to the SRA?
  • Does a notification to the firm’s insurer automatically warrant reporting to the SRA?
  • Why has the principle to “act honestly and with integrity” been separated into two principles?

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On-demand webinar: Health and safety at work — beyond ticking the box

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Despite the legal requirement, health and safety training, risk assessments and compliance have a bad reputation. Most people working in an office don’t want to do them and won’t think about these processes once they are completed.

In order to help organisations understand the importance of health and safety at work and improving the culture, in this webinar, VinciWorks’ Director of Course Development Nick Henderson was joined by Professor Andrew Sharman, Managing Partner of RMS, and President of IOSH (the Institution of Occupational Safety & Health). Professor Sharman called on his over two decades of experience in consulting with FTSE 100 and Fortune 500 companies such as Amazon, Coca-Cola, Carlsberg, IKEA and Mercedes-Benz to discuss some of the key trends in workplace health and safety and give guidance on improving health and safety culture at work.

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On-demand webinar: Whistleblowing — Understanding your rights and responsibilities

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The Public Interest Disclosure Act 1998 (PIDA) provides protection for whistleblowers. Under PIDA, employees who make “protected disclosures” can claim unfair dismissal if their contracts are terminated due to the disclosures. Further, the EU Commission has recently announced a new law that aims to increase protections for whistleblowers.

In this webinar, we were joined by the EU Commission’s Policy Officer Maria Mollica to share guidance and insights on the upcoming EU Whistleblowing Directive. We also shared guidance on complying with existing UK whistleblowing law.

The webinar will cover:

  • Whistleblowing regulations in the UK
  • The key differences between the UK law and the EU Directive
  • The purpose and reach of the EU Directive
  • The categories protected by the EU Directive
  • Who can be a Reporting Person?
  • The procedures for internal and external reporting and recommended reporting methods

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