On 31 December 2020, the UK made drastic changes to its domestic version of DAC6.

Significantly, in the EU DAC6 reporting applies for five different categories of hallmarks, whereas in the UK DAC6 only applies for hallmark D.

VinciWorks has updated its DAC6 e-learning courses to reflect these changes.

What changes have we made to our DAC6 training?

Upon launching the course, learners are profiled based on their location:

Depending on the jurisdiction selected, the learner receives relevant information on the hallmarks that apply.

As HMRC has indicated, this is only the first step in a broader initiative to implement Mandatory Disclosure Rules in the UK. As the rules develop, we will update the courses to ensure they remain accurate.