U.S.A.: FATCA : Updated UK regulations and guidance issued

Tax | USA

Reference

Code

T13041

Service level

CBL

Last Updated

04.06.2013

Further to our Taxflash T12037, dated 17 September 2012, concerning the bilateral agreement signed between the U.S.A. and the UK in order to implement the information reporting and withholding tax provisions known as the Foreign Account Tax Compliance Act (FATCA), the UK tax authorities HM Revenue & Customs (HMRC) have issued updated versions of the following documentation:

UK Guidance;
Draft Regulations on implementing the UK-U.S.A. agreement.

It is expected that a new revised version of the Annex II, taking into account all the changes present in the Intergovernmental Agreements (IGAs) will be published shortly by the HMRC.

We will continue to monitor the implementation of FATCA and will provide more information as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.