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' training is recommended in order to understand the intricacies of these hallmarks and to determine which transactions must be reported. The courses now begin with a "course builder" to deliver the most relevant content and scenarios to each learner.
DAC6: Advanced provides tax intermediaries with a deep understanding of DAC6 legislation, including which transactions should be reported, what needs to be reported and where reports should be sent. In the course, each hallmark is explained in depth along with practical examples and scenarios to test the learner’s understanding. In each module there are clear explanations and examples to demonstrate DAC6 reportable activities.
DAC6: Fundamentals provides learners with a quick 10-minute overview of DAC6, what it is and how it relates to your role. The course provides just enough guidance for learners to understand when a transaction should be escalated to the compliance team.
The EU already has a set of rules requiring taxpayers and their advisers to report information about certain types of arrangements that might facilitate tax evasion. DAC6 was launched in 2018 to strengthen tax transparency and improve information sharing between countries.
Now, as of March 2023, the UK is implementing its own Mandatory Disclosure Rules, known as UK MDR, with many similarities to DAC6 and some key differences. This short course offers a high-level overview of what you need to know about the new UK Mandatory Disclosure Rules.