The Economic and Financial Affairs Council of the European Union (ECONFIN) has adopted the 6th Directive on Administrative Cooperation (“DAC6”), requiring tax intermediaries to report certain cross border arrangements. Under DAC6, intermediaries may be required to submit all cross-border transactions and backdate them when member states publicise their requirements.
In this webinar, Legal and Research Executive Ruth Cohen and Director of Best Practice Gary Yantin helped dissect the new regulation and gave guidance on reporting and training requirements under DAC6.
The webinar will cover:
- The purpose and scope of DAC6
- Who is considered an intermediary?
- Which transactions require reporting?
- An overview of the Hallmarks and related categories
- Examples of reportable transactions
- Reporting and training requirements under DAC6
- Answering any questions from registrants
Legal and Research Executive Ruth Cohen holds an LLB specialising in International Commercial Law. Ruth has experience in both the public and private sectors, having consulted for many Fortune 500 companies. She has expert-level knowledge across a wide range of areas including corporate finance, data protection, harassment, information security, commercial law and regulatory compliance, including DAC6.
As Director of Best Practice at VinciWorks, Gary Yantin works with law firms of all sizes to provide the best compliance learning experience for their staff. He was previously an in house lawyer and a solicitor in private practice. Gary has hosted many webinars and workshops for VinciWorks on a wide range of risk and compliance topics including GDPR and the SRA’s new approach to ongoing learning.
DAC6 reporting and training solution
VinciWorks has recently released a DAC6 reporting and training solution to help businesses reach full compliance with DAC6. This includes a secure, enterprise-wide data management portal for recording all cross-border tax transactions and two new courses.
- DAC6 reporting portal — Record all cross-border tax transactions that may require reporting according to DAC6
- DAC6: Fundamentals course — Follow an interactive flow-chart navigation to help establish which transactions you are required to report
- DAC6: The Basics course — Interactive training for staff, providing an overview of the key elements of the Directive