BVI Issues Updated FATCA Guidance Notes

The International Tax Authority (ITA) of the British Virgin Islands has today announced the issue of Version 2.0 of the Guidance Notes on the International Tax Compliance Requirements of the Intergovernmental Agreements between the British Virgin Islands and the United States of America and the United Kingdom (IGAs). The initial version of the Guidance Notes was issued in July 2014. The update reflects a number of developments since issue of the first version.  A copy of the updated Guidance Notes is available here, or from the BVI Government FATCA website.
 
Many of the changes which have been made are what might be described as tidy up amendments and/or changes to provide additional clarification. The more material points to note from the revised version are as follows: