Mandatory Tax Disclosure Regime: New UK & EU tax disclosure rules
The International Tax Enforcement (Disclosable Arrangements) Regulations 2020, often called DAC6, is one of the most significant changes for tax advisors, service providers and taxpayers in recent years. Join us on the Tuesday 17 November at 11.00am for our webinar to find out more on how this will affect you and your business.
The Regulations are designed to provide tax authorities with additional information in order for them to target and close perceived loopholes in tax legislation and harmful tax practices. If you have operations in the UK or EU, you will need to monitor any cross border transactions or arrangements and determine if, when and where you will be required to report.
Over two and a half years’ worth of transactions and arrangements will need to be analysed and the first report is due in January 2021. Failure to meet the requirements and deadlines may result in financial penalties and reputational damage.
Our webinar will help you understand the arrangements covered by the Regulations, the reporting requirements and protocols necessary for the future.