UK: Amendment to FATCA and CRS regulations
A minor amendment to the International Tax Compliance Regulations 2015
A minor amendment to the International Tax Compliance Regulations 2015
HM Revenue & Customs (HMRC) issued the International Tax Compliance (Amendment) Regulations 2022, providing a minor amendment to the International Tax Compliance Regulations 2015, which set out the due diligence and reporting obligations for UK financial institutions in relation to FATCA and the common reporting standard (CRS).
The amendment revises the date that arrangements must be entered into in order to be considered an applicable agreement under the regulations— from 20 April 2021 to 20 April 2022.
Read a May 2022 report [PDF 458 KB] prepared by the KPMG member firm in the UK
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