Mandate VINGE ADVISES SPECMA IN CONNECTION WITH ACQUISITION OF HYDRAULIKHUSET BKH AB

DAC 6 – EU Directive concerning reportable cross‑border tax arrangements

DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.

The importance of continuous focus on compliance procedures in disrupting times

A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.

Brexit and free movement of persons

Brexit means the end of free movement of persons between the EU and the UK. This change will affect companies in the EU and the UK that depend on workers who are UK and EU citizens respectively. This note discusses the rules on free movement of persons before and after Brexit and offers guidance to companies and other parties in this regard.