EU DAC6 - Mandatory Disclosure of Reportable Cross-Border
Arrangements
Directive 2018/822 (DAC6) is an EU Directive requiring EU
intermediaries or taxpayers to report information on certain
cross-border arrangements to their local tax authorities. Our
previous client updates in relation to DAC6 can be found on our
website here
2.
In an unexpected move on 31 December 2020, at the end of the
Brexit transition period, the UK Government published legislation
that will narrow the scope of the UK s DAC6 reporting
requirements. Only arrangements that meet hallmarks under
Category D of DAC6 will need to be reported in the UK.
Hallmark D applies to reportable cross-border arrangements that