The International Tax Compliance (Amendment) Regulations, SI 2019/881, bring into scope international exchange arrangements the UK has entered into since 9 May 2018, the date the principal regulations were previously amended. This includes new arrangements with Antigua and Barbuda.
The principal regulations impose due diligence and reporting obligations on UK financial institutions arising under the EU administrative cooperation directive (DAC), the OECD’s common reporting standard (CRS), and the UK/US FATCA agreement.
The amending regulations come into force on 16 May 2019.
The International Tax Compliance (Amendment) Regulations, SI 2019/881, bring into scope international exchange arrangements the UK has entered into since 9 May 2018, the date the principal regulations were previously amended. This includes new arrangements with Antigua and Barbuda.
The principal regulations impose due diligence and reporting obligations on UK financial institutions arising under the EU administrative cooperation directive (DAC), the OECD’s common reporting standard (CRS), and the UK/US FATCA agreement.
The amending regulations come into force on 16 May 2019.
