Jan 27, 2020
This episode covers DAC6, the new EU transaction reporting
requirements. The disclosures required are broad ranging and
extensive and begin in July of this year, and it's going to be a
key issue to understand in 2020. This goes especially for U.S. tax
advisors who've been trying to get up to speed on the TCJA and may
not yet have focused on DAC6.
Chris’ guest is Howard Jones, a partner with PKF Littlejohn. Howard
is a business tax Partner specializing in the insurance sector, and
has over 30 years of experience in financial services. Howard has
helped businesses from owner-managed brokers to listed
multinationals, and he's PKF's lead on DAC6 issues.
Howard and Chris discuss which transactions are covered, the
reporting requirements, and potential impacts, including a greater
compliance burden and new audits.