Clifford Chance

DAC 6 – A practical approach to compliance

10 July 2020

EU rules - commonly known as "DAC 6" - will soon require businesses with a presence in the EU to report a wide range of transactions to tax authorities in EU Member States – potentially including transactions going back to 25 June 2018.

DAC6 was originally aimed at tax avoidance structures, but the scope is much wider and can include transactions with no particular tax features. Penalties for failing to comply with DAC6 are potentially severe (up to £1m in the UK).

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