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.
What does this mean for participants in and advisers of arrangements involving the UK and the EU? What now needs to be reported and in which territories?
Broadcast on 19 January 2021
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