Optional delay for DAC6 reporting The European Commission proposal of 8 May 2020 for a new directive amending Directive 2011/16 / EU aims to postpone certain deadlines for reporting and exchanging information on tax matters due to the crisis related to COVID-19. Negotiations in the Council have progressed rapidly in recent weeks and a compromise...Read More

Jersey redesigns its beneficial ownership register Jersey government is now reviewing a draft Bill (Financial Services, Disclosure and Provision of Information, Jersey Law 2020) regarding the establishment of a new central register of beneficial owners, controllers and significant persons. This was deemed necessary after the Jersey Financial Services Commission recommended the jurisdiction to enact new...Read More