UK: FATCA and related guidance

UK: FATCA and related guidance

HM Revenue & Customs (HMRC) published a new version of guidance notes for implementing the FATCA regime for the UK crown dependencies and overseas territories reporting regimes. HRMC also amended the definition of “financial institution” to exclude holding companies and treasury centers of financial groups.

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Read a September 2015 report [PDF 71 KB] prepared by the KPMG member firm in the UK.

 

HMRC also published draft guidance related to the automatic exchange of information (AEoI) and requested comments as part of the information consultation. The guidance is intended to consolidate certain application issues for the Common Reporting Standard (CRS), AEoI, and FATCA. Read a September 2015 report [PDF 72 KB] prepared by the KPMG member firm in the UK.

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