The UK and DAC6 post-Brexit - where are we now?
In this webinar ICAEW Tax Faculty Business Tax Manager, Richard Jones, is joined by Jo Myers and Ariana Kosyan of EY to get you up to speed with the current position and discover the likely future shape of disclosure requirements for UK advisers and their clients.
DAC 6 is an EU Council Directive that requires cross-border arrangements which meet certain ‘hallmarks’ to be reported to EU/UK tax authorities. The UK had implemented DAC 6 in its entirety but has now amended its position such that only arrangements that fall within ‘category D’ hallmarks need to be reported.
Going forward, the UK will instead adopt the provisions of the OECD mandatory disclosure regime.