WTS Global in cooperation with Hansuke and FIDAL will host a webinar deep-dive into what the impact of Brexit means for DAC6/MDR and the Financial Services.
On 30 December 2020, one day after the UK’s acceptance of the Trade and Cooperation Agreement with the EU, the UK abandoned certain important aspects of the DAC6 reporting, i.e. the obligation to report arrangements that fulfil hallmarks A to C and E. Only hallmark D shall remain in force in the UK (automatic exchange of information and beneficial ownership).
It is not yet clear what - exactly - this change means from the UK perspective. Basically, the UK DAC6 regime seems to remain in place, however: with a reduced scope of application. Join us for a deep-dive into the implications that the updated regulation has for the financial services (FS) sector, with particular focus on cross-border asset management industry. Our analysis shall consider implications from both the UK and EU member states’ perspectives, especially the shift of DAC6 reporting obligations to EU intermediaries or even to EU relevant taxpayers. Additionally, we will also look at the UK’s future approach to tax transparency, as well as its bargaining power with the EU regarding the envisaged agreement on Financial (and other) Services.
Our expert speakers from HMRC and the OECD look to the current and future prospects for the UK regulations, followed by a panel discussion of leading FS tax practitioners in the UK and continental Europe. You can expect not only a fireside chat with the legislative experts, but also a panel discussion with leading international tax partners, to explore the discussion in greater depth.
Wednesday, 03 February, 11.00 am CET.
Please register here. Registration is free of charge.
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