STEP City of London - Webinar - 14 September
The clock is ticking: are you ready for DAC6?
The Sixth EU Directive on Administrative Co-Operation, more catchily known as “DAC6”, is intended to target harmful tax practices, by increasing reporting and transparency of certain cross-border arrangements. Whilst its implementation has been delayed by Covid-19, it is important for intermediaries with potential obligations (including banks, lawyers, accountants, trustees and asset managers) to understand the requirements, particularly as they look back to 2018.
In this webinar, Martin Killer and Ed Powles will outline what DAC6 is, the deadlines, the areas of difficulty and HMRC’s approach (as per recently issued guidance). They will give valuable insights as to how firms are dealing with this in practice, including reviewing historic transactions and putting in place procedures for the future.
Speaker details
Martin Killer, Tax Director, Grant Thornton
Martin is an experienced Tax Director with a demonstrated history of working in the financial services industry, advising banks, fund managers and insurance companies on operational taxes including DAC6, FATCA/CRS and other international tax transparency regimes. He has extensive experience of leading cross-jurisdictional international tax projects for financial institutions. Martin holds relationships with key personnel at HMRC and IRS, and financial trade bodies dealing with the implementation and ongoing monitoring of operational tax regimes. Martin has previously led a compliance team within a global financial institution’s FATCA implementation programme.
Ed Powles, Partner, Maurice Turnor Gardner LLP
Ed is a Partner in the Private Wealth team at Maurice Turnor Gardner LLP. He works with financial institutions, private clients, family offices, trustees and beneficiaries on complex UK and international trust law issues, personal taxation, and estate planning as well as advising on commercial trusts. He has been at the forefront of analysing DAC6 and coordinating the firm’s response to this new regime.
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