Rubber set to hit the road on EU’s tough disclosure rules

Rubber set to hit the road on EU’s tough disclosure rules

Non-compliance wih the DAC6 law means penalties of up to €500 per day per undisclosed transaction. The first disclosures will have to be made early next year

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15th November, 2020

Around this time last year, I wrote in these pages about the European Mandatory Disclosure Rules, which had just been brought into Irish law by the Finance Act 2019. These rules are generally known by the catchy sounding “DAC6”.

Not complying means that you or your advisers could face penalties of up to €500 per day of non-compliance per undisclosed transaction.

As I said last year, if you do the maths that’s equivalent to...

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