By David Cairns
Hawsons Chartered Accountants
A NEW regime comes into force on 1 July 2020 called DAC6. What is DAC6? What do you report?
The new DAC6 regime, Disclosure of Cross-Border Tax Arrangements, is a new EU directive which can be used to avoid or evade tax. The directive requires reporting of certain cross-border arrangements and structures.
What must be reported?
Reportable cross-border arrangements from 25 June 2018 to 1 July 2020 must be reported when the legislation becomes effective.