Solicitor firms could face enforcement by the SRA if they do not register their tax advice work under new anti-money-laundering obligations.
Firms need to check whether they need to register as doing tax advice work to fulfil their obligations under the money laundering regulations.
The portal for DAC 6 reporting to HMRC is now open, with the first reporting deadline falling on 30 January 2021.
Your weekly update from our public affairs team on all the latest developments and debates in Parliament and across Whitehall.
Proposed changes to the mental health system must be properly funded to be effective, the Law Society of England and Wales warned following publication of the Mental Health Act White Paper.
We’ve been informed by HM Revenue and Customs that reporting under DAC 6 will be required for a limited time for arrangements that meet hallmarks under category D.