Directive for administrative cooperation in the field of taxation (DAC)—FAQs [Archived]
Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited

The following Tax practice note produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited provides comprehensive and up to date legal information covering:

  • Directive for administrative cooperation in the field of taxation (DAC)—FAQs [Archived]
  • What is the directive for administrative cooperation (DAC)?
  • DAC 2—Financial account information
  • DAC 3—Advance cross-border tax rulings (ATRs) and advance pricing agreements (APAs)
  • DAC 4—Country-by-country reporting
  • DAC 5—Anti-money laundering information
  • DAC 6—Cross-border tax arrangements
  • Does DAC 2 cover any additional countries beyond those in the EU?
  • How does DAC impact on CRS?
  • Does the DAC have any practical impact on FIs in the UK?
  • More...

Directive for administrative cooperation in the field of taxation (DAC)—FAQs [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.

This Practice Note answers some frequently asked questions on the DAC in the UK as it applied up until 31 December 2020. As of Implementation Period (IP) completion day, the DAC no longer applies to the UK. The International Tax Compliance (Amendment) (No 2) (EU Exit) Regulations 2020, SI 2020/1300 remove references to the DAC from the UK’s implementing regulations for DAC 2 and CRS, as well as changing the source of certain definitions and to maintain the effect of certain dates set out in the DAC after IP completion day. Accordingly, there is no practical impact of the DAC ceasing to apply on the exchange of financial account information.

What is the directive for administrative cooperation (DAC)?

In 2011, the European Council, comprising of the heads of state or government of all EU countries, the European Council President, and the European Commission President, adopted Directive 2011/16/EU on administrative cooperation (DAC). The DAC provides for spontaneous, automatic and ‘on request’ exchange of information. It establishes mechanisms for the participation of Member States’ authorities in administrative enquiries, and simultaneous controls and mutual notifications of tax decisions. It also provides for the necessary practical tools, such as a secure electronic system for information exchange.

The DAC has been amended

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