The International Tax Compliance (Amendment) Regulations, SI 2024/544, update the principal regulations on the exchange of financial account information (the International Tax Compliance Regulations, SI 2015/878), so that those regulations apply to international exchange agreements and arrangements set out in a Notice published by HMRC. Previously, updates to the scope of the principal regulations were made by statutory instrument.
HMRC have already issued a Notice under this new power, to bring arrangements entered into as at 17 April 2024 within scope of the exchange of tax information provisions. Both the regulations and the Notice have effect from 14 May 2024.
The International Tax Compliance (Amendment) Regulations, SI 2024/544, update the principal regulations on the exchange of financial account information (the International Tax Compliance Regulations, SI 2015/878), so that those regulations apply to international exchange agreements and arrangements set out in a Notice published by HMRC. Previously, updates to the scope of the principal regulations were made by statutory instrument.
HMRC have already issued a Notice under this new power, to bring arrangements entered into as at 17 April 2024 within scope of the exchange of tax information provisions. Both the regulations and the Notice have effect from 14 May 2024.
