DAC6: Ireland releases a new DAC6 Schema but maintains manual filing for LPP reports

The Irish Revenue has released an updated version of the DAC6 Filing Guidelines.

Like many other EU member states, the Revenue has also released a new XML Schema, referred to as Version 1.2. This is in response to the amended DAC6 Central Directory Business Validation Rules by the European Commission. The updated schema can be found here and will apply for all DAC6 reports from 1 August 2021.

To facilitate the migration to the new schema, the Revenue’s electronic filing system for DAC6 on ROS will be unavailable from 1 August 2021. It will reopen on 17 August 2021.

Any DAC6 reports that are protected by legal professional privilege should still be filed via the Revenue’s excel template containing specific information that can be revealed despite privilege.

All the amendments are being updated in VinciWorks’ Omnitrack DAC6 reporting portal. 

Click here to find out more about VinciWorks’ award-winning DAC6 compliance training and reporting product.

DAC6: Member States introduce reporting reforms

Following the UK’s exit from the European Union and in response to the amended DAC6 Central Directory Business Validation Rules by the European Commission, many EU Member States have updated or are in the process of updating their DAC6 XSD reporting schemas.

Belgium

The Belgian tax authorities have released a new XSD Schema version 1.3 and an updated User Guide. This applies to all filings from 1 July 2021. 

Cyprus

The Cyprus tax department has released a new XSD Schema version 4.04. Submissions of the XML file are via the Ariadne portal. There will be no administrative fines for overdue DAC6 submissions until 30 September 2021.

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Code of conduct training: 6 ways to tailor your code of conduct course

Code of Conduct: The Challenge

A strong code of conduct is vital for employees to know what is expected of them. A successful code of conduct that is followed by all employees, from leadership to management to each and every worker is an important part of building an ethical, inclusive culture at work.

But an organisation seeking to formulate a successful code of conduct or update an outdated one may quickly run into difficulties. Off-the-shelf training rarely encapsulates the nuances of each individual organisation’s policies and procedures, and write-your-own solutions are cumbersome and time-consuming.

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Payoneer settles with OFAC for Ukraine / Russia sanctions breaches

For global companies, particularly in the financial services sector, sanctions compliance is becoming ever more fraught. Payments and money transfers are becoming ever more globalised, and new businesses are popping up to take advantage of a booming market. But when it comes to sanctions compliance, the costs of getting it wrong are rising.

Payoneer is a firm specialising in business-to-business cross-border payments. It is used by global leaders like Airbnb, Amazon, Google and Upwork to facilitate cross-border wire transfers, online payments, and debit card services. The company also offers facilities for small and medium-sized businesses to send payments anywhere in the world, quickly and cheaply.

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Duty to prevent sexual harassment set to be required of UK employers

Third party harassment and extension of timelines to bring a claim also included in a new package of measures

The government’s long-awaited legislative response to MeToo has been laid out. The response to the 2018 consultation on sexual harassment in the workplace spells out sweeping plans to extend ‘failure to prevent’ laws already on the books for bribery and tax evasion to sexual harassment.

Women and Equalities minister Liz Truss, said: 

“We will be providing further protections to employees who are the victims of sexual harassment, whilst also furnishing employers with the motivation and support to put in place practises and policies which respond to the needs of their organisation.”

The package of measures will include a new preventative duty on employers, a duty to protect employees from sexual harassment by third parties such as customers, criminalisation of street harassment, a statutory code of practice for employers on how to tackle sexual harassment in the workplace, and potentially extending the time allowed to bring a sexual harassment case to an employment tribunal from three to six months. 

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New course release – COVID-19: Social Distancing at Work

Screenshot of social distancing training module

With the global rollout of the coronavirus vaccine gathering pace, in many jurisdictions, employers are being given more discretion to decide whether staff can and should return to the office. If your organisation has employees working from the office, you have a duty of care to your staff. Managers must ensure a safe working environment where employees’ health is protected.

This means they have to ensure they have a safe place to work, safe work equipment, their health is protected while working, and assess risks to their health and safety and take action to mitigate those risks. This includes protecting staff from COVID-19. Staff themselves have a responsibility to keep themselves and those around them safe and to learn the best ways to do that.

COVID-19: Social Distancing at Work specifically covers these topics. The course can be used as a standalone unit or as a unit within our standard OHS course.

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On-demand webinar: Mental Health — Returning to the Office

With the UK’s COVID-19 vaccination roll-out in full swing and restrictions being repealed, companies are reevaluating their office policies and home working rules. But many people are anxious, or at least conflicted, about returning to in-person work, whether for health reasons or due to the flexibility they feel they’ll lose.

To help organisations with the process, we have recorded a short on-demand webinar. In this video, our Director of Learning and Content Nick Henderson explores some of the mental health aspects of returning to the office, sharing key ideas and tools to help manage this transition for your workforce.

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Free COVID-19 compliance resources

VinciWorks has created several helpful resources such as guides, on-demand webinars, policy templates, courses and more to help businesses manage the pandemic and beyond.

COVID-19 resource page

How Omnitrack could have helped Apple: Employee surveys and a timely Omnitrack use case

Back to the office survey dashboard

What does a “return to normal” look like?

With the coronavirus vaccine roll-out gathering pace, individuals and businesses are cautiously looking to return to a life that feels akin to normal. But determining when and how to return to the office is no simple matter, especially since employers and employees might have differing opinions on the matter.

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New course release – SRA Standards and Regulations: A Practical Overview

The SRA standards are seven principles representing the fundamental rules on ethical behaviour that the SRA expects everyone working in the legal profession to uphold.

The principles must be upheld both inside and outside the work environment. This may also include in your private behaviour, including on social media.

With remote working, less supervision and fewer opportunities for face-to-face training, it’s never been a more important time to make sure your staff are up to speed on the SRA Standards and Regulations.

SRA Standard and Regulations: A Practical Overview covers SRA standards, regulations, and account rules, delivering the information in easily digestible bite size nuggets. The course is designed to be relevant to everyone in a firm, including fee earners, support staff, partners and in-house counsel.

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