The International Tax Compliance (United States of America) Regulations, SI 2013/Draft, first published in December 2012 and updated in May 2013, will give effect to the UK/US intergovernmental agreement to implement the US FATCA legislation in the UK.
The International Tax Compliance (United States of America) Regulations, SI 2013/Draft, first published in December 2012 and updated in May 2013, will give effect to the UK/US intergovernmental agreement to implement the US FATCA legislation in the UK. Annex II to the agreement, contained in the Schedule to the regulations, was updated in June 2013 to widen the range of institutions and products effectively exempt from the FATCA requirements and provide greater clarity on those non-reporting UK financial institutions deemed compliant under the agreement. The regulations are expected to come into force in mid-August and have effect for financial accounts held at 31 December 2013.
The International Tax Compliance (United States of America) Regulations, SI 2013/Draft, first published in December 2012 and updated in May 2013, will give effect to the UK/US intergovernmental agreement to implement the US FATCA legislation in the UK.
The International Tax Compliance (United States of America) Regulations, SI 2013/Draft, first published in December 2012 and updated in May 2013, will give effect to the UK/US intergovernmental agreement to implement the US FATCA legislation in the UK. Annex II to the agreement, contained in the Schedule to the regulations, was updated in June 2013 to widen the range of institutions and products effectively exempt from the FATCA requirements and provide greater clarity on those non-reporting UK financial institutions deemed compliant under the agreement. The regulations are expected to come into force in mid-August and have effect for financial accounts held at 31 December 2013.
