UK-based intermediaries should consider themselves “bound” by DAC6 even after Brexit, lawyers have warned.
As the end of the Brexit transition period draws closer, firms must prepare for what comes next.
Sarah Gabbai, senior associate at law firm McDermott Will & Emery, believes DAC6 is “highly likely to continue to apply if a trade deal with the EU is ratified before the end of the transition period,” as it is now a firm part of EU policy.
DAC6 applies to UK intermediaries, including international fiduciaries, family offices and their advisers.
It should not be taken light either. “[It...