DAC6 Fundamentals (Trust and Company Services)
This course provides an overview of DAC6 including which transactions should be reported.
Description
The Economic and Financial Affairs Council of the European Union (ECONFIN) adopted the 6th Directive on Administrative Cooperation (“DAC6”) requiring tax intermediaries to report certain cross border arrangements. The new EU rules which aim to clamp down on aggressive tax planning are set to impose a huge compliance burden on taxpayers and their advisers, potentially even in circumstances where there is no tax benefit at all. This course will help all Trust and Company Services staff who may be considered tax intermediaries develop an understanding of DAC6.
Features
To ensure that certain tax avoidance arrangements which have characteristics commonly seen in structures motivated by tax avoidance come to the attention of the tax authorities