ARCHIVED: This Practice Note has been archived and is not maintained.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