VinciWorks' DAC6 reporting tool provides law firms, accountancy firms and multinational businesses with the expertise, knowledge and technical infrastructure to comply with the Directive in every EU jurisdiction. Built in consultation with over 100 leading international firms, international tax experts, HMRC and other regulators, our tool features customisable workflows designed and updated for the intricacies of each EU member state’s implementation of DAC6. We offer a number of hosting options to suit any organisation's needs, including on-premises hosting.
DAC6 requires lawyers, accountants, tax advisers, bankers and other “intermediaries” to report some aggressive cross-border tax arrangements. These “mandatory disclosure requirements” (MDR) are for tax transactions that cross EU borders, where it seems that the primary purpose of the transaction is a tax advantage.
While the primary reporting onus is on professional advisers, known as “intermediaries”, a taxpayer might be required to report a DAC6 arrangement in circumstances where no intermediary is able to report. This might include situations where no external intermediary is involved, all intermediaries are based outside of the European Union, or an intermediary is exempt from reporting due to legal professional privilege.
VinciWorks has 15 years of proven experience developing compliance tools. Using a collaborative approach, VinciWorks has consulted tax experts across Europe and brought together over 100 leading international law and accounting firms to develop best-practice for DAC6. The tool features workflows designed and updated for the intricacies of each EU member state’s implementation of DAC6. Countries with stricter reporting guidelines are flagged.