Tax reporting and DAC 6: UK moves from EU to international rules

08 February 2021

Jeremy McCallum addresses some of the practical consequences of the UK's recently announced changes to the DAC6 regime in an article drafted for PLC magazine.

In an entirely unexpected but welcome move, the UK has disapplied the majority of the hallmarks in Directive 2018/822/EU as part of the EU exit package. This has a number of implications for the reporting of cross-border tax arrangements, but DAC 6 remains a key compliance issue. It will be a while before a steady state is reached and until that happens there is still plenty to think about. Brexit may be "done" but DAC 6 continues to evolve and to surprise.

Read the full article on Practical Law.  

This article first appeared in the January/February 2021 issue of PLC Magazine.

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