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DAC6 reporting and training
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DAC6 is an EU regulation that requires lawyers, accountants, tax advisers, bankers and other "intermediaries" to report aggressive cross-border tax arrangements. These “mandatory disclosure requirements” are for tax transactions that cross EU borders and meet certain criteria known as "hallmarks". DAC6 comes into force in 2020 but relevant transactions since June 2018 must be logged and reported.
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VinciWorks' DAC6 solution addresses all aspects of compliance with the Directive, from tracking and reporting to training. This includes two new courses and a secure, customisable reporting portal for intermediaries.
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DAC6 reporting portal
VinciWorks' DAC6 portal is a secure, enterprise-wide data management tool for recording cross-border tax arrangements that may need to be reported under DAC6. The fully-customisable template collects and records all relevant data in an easily accessible register. The portal can be customised to include questions specific to your industry or organisation.
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New course — DAC6: Advanced
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DAC6: Advanced provides tax intermediaries with a deep understanding of DAC6, which transactions should be reported, what needs to be reported and where reports should be sent.
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Course features:
- Flowchart navigation for an easy reference tool
- Detailed explanation and examples for each hallmark
- Interactive scenario questions to ensure understanding of the DAC6 reporting process
- A downloadable guide to the DAC6 reporting flowchart
- Translation into any language so employees across the EU can complete the training
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New course — DAC6: Fundamentals
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DAC6: Fundamentals provides learners with a quick, 10-minute overview of DAC6, explaining what DAC6 is and why it was passed. The course provides just enough guidance for learners to understand when a transaction should be escalated to the compliance team.
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Upcoming webinar: DAC6 — Understanding tax disclosure requirements
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In our upcoming webinar, Legal and Research Executive Ruth Cohen and Director of Best Practice Gary Yantin will help dissect the new Directive and give guidance on reporting and training under DAC6.
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Legal and Research Executive Ruth Cohen
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About VinciWorks
VinciWorks is the definitive authority in compliance training and software. With over 250,000 users across 70 countries, our training is used by leading corporations in every sector, including 60 of the largest 100 law firms in the world.
The VinciWorks compliance training suite provides practical, interactive and customisable training available in multiple languages. The courses are updated regularly to meet evolving regulatory legislation.
The suite includes the following courses:
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