DAC6 training updated to reflect EU Commission’s reporting delay

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DAC6 is a European regulation aimed at tackling tax avoidance and tax evasion, strengthening tax transparency and improving information sharing between EU Member States. The Directive requires lawyers, accountants, tax advisers, bankers and other “intermediaries” to report certain aggressive cross-border arrangements. 

VinciWorks’ DAC6 training is recommended in order to understand the intricacies of these hallmarks and to determine which transactions must be reported.

Due to the Covid-19 pandemic, the European Commission has confirmed an optional deferral of the implementation of DAC6 by six months. Each member state will now decide whether they will avail themselves of the optional deferral. Most countries are set to defer reporting, with several, including the UK, Ireland and France already having announced their intentions to defer reporting. We will continue to update this blog as more countries decide on whether and how to implement the new timeline.

We have just updated our Advanced and Fundamentals courses to reflect the changes. This will allow users to gain a full understanding of the EU’s reporting timeline.

About our DAC6 training

Our training includes both an advanced course that explains each hallmark in depth along with practical examples and scenarios to test the learner’s understanding and a 10-minute overview of DAC6 legislation, what it is and why you should care.

Course features

DAC6 course scenario questions screenshot
Our DAC6 training includes interactive scenario questions to help users understand their reporting requirements under DAC6
  • Detailed examples of each hallmark
  • Interactive scenario questions to ensure understanding of the DAC6 reporting process
  • Can be translated into any language so employees across the EU can complete the training
  • Interactive test sections at the end of each module to help users understand their reporting requirements
  • Fully customisable — additional scenarios can be included in the training to relate to the organisation’s industry and policies

Which DAC6 course should your staff take?

We have created two courses to ensure all your staff, whether DAC6 affects their role directly or not, can train on the complicated new Directive. Here is some guidance on how to choose which course to enrol your staff in:

DAC6: AdvancedDAC6: Fundamentals
Target AudienceMatter Partners
Staff who are responsible for assessing matters for DAC6
All other staff in your organisation
Duration30 minutes10 minutes
Learning outcomesDeep understanding of which transactions should be reported and whenAwareness of DAC6, its importance and key details
Topics covered
What is DAC6? ✔️✔️
What needs reporting?✔️✔️
Main benefit test ✔️✔️
Overview of the Hallmarks✔️
Penalties ✔️ ✔️
Reporting requirements✔️some
Legal professional privilege ✔️some
Relying on other intermediaries ✔️some
Detailed explanation of each Hallmark✔️
Examples for each Hallmark✔️
Assessing reporting jurisdiction ✔️
Scenario questions✔️
Demo DAC6: AdvancedDemo DAC6: Fundamentals

If you are still not sure which DAC6 course to enrol your staff in, contact us using the short form below and a member of our team will be in touch.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

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VinciWorks CEO, VInciWorks

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How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.