Our Response to the COVID-19 Pandemic

Walkers continues to monitor the impact of the COVID-19 pandemic on its people, its clients and its business.

Read More

Walkers is a leading international law firm. We advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
GlobalMap Oct2019
Admissions Aug 2019

Students, Graduates and Training Programmes

Walkers is pleased to announce that its 2020 Students, Graduates and Training Programmes are open.

More Information

Browse Professionals
by last name

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z

Find a Professional
Search by one or more criteria


DAC 6 – EU Mandatory Disclosure Regime

What is DAC 6? 
Council Directive (EU) 2018/822 (the “Directive” and “DAC6”) imposes a new obligation on EU based “intermediaries” (as well as taxpayers in certain circumstances) to report on certain “cross-border arrangements” containing features which are considered to be indicative of potential aggressive tax planning. The intermediaries must report details of the arrangements to their local tax authorities which in turn are obliged to exchange the information with all other EU tax authorities.

The scope of the regime is wide and will require intermediaries to implement new processes and procedures to assess the transactions on which they act, advise or assist and be in a position to report on an ongoing basis.

The European Commission has recently proposed deferring DAC 6 reporting by at least 3 months as a result of the COVID-19 outbreak and reporting by intermediaries should not now commence until after 1 October 2020 (see further below). However, transactions since 25 June 2018 (the date of the Directive) remain in scope and will need to be reviewed and assessed.

Click to view advisory

Reducing the Risks of Returning to the Workplace – Key Issues for Irish-Based Employers

Since restrictive measures were introduced to reduce the spread of COVID-19, businesses have had to fundamentally change. In many cases, this has meant implementing remote working, suspending operations where remote working is not feasible and laying off employees.  

In this advisory we look at the key measures outlined within the Irish Governments Return to Work Safely Protocol for employers.

 

Click to view advisory

 

Cayman Islands: Update on Automatic Exchange of Information and Country-by-Country Reporting

In this advisory, we provide a round-up of recent updates to the Cayman Islands framework for automatic exchange of information ("AEOI") and country-by-country reporting ("CbCR"), including the new universal DITC portal, the AEOI reporting deadline extension, the authorising person and principal point of contact and the CRS compliance form. 

Click to view advisory

Ireland Update: Government introduces further financial support

As global communities and economies continue to deal with the multitude of COVID-19 related issues, the Irish government’s response to the economic impact continued with the introduction of further new measures to support businesses negatively impacted by COVID-19.

 

Click here to view advisory

 

Furlough and Redundancy: Jurisdictional Comparison for Ireland, Guernsey and Jersey

The governments of Ireland, Guernsey and Jersey have created payroll co-funding/subsidy schemes in response to the COVID-19 crisis. The rules and eligibility criteria are different in each jurisdiction, as are the laws on furlough, variation of terms, redundancy and collective consultation.

In this advisory, we have sought to help businesses with employees in one or more of these jurisdictions to understand the nuances and distinctions that exist under the respective laws.

 

Click to view advisory

 



 

More Articles ...