ARTICLE · 10 MARCH 2014

US FATCA In The UK - Updated HMRC Guidance Notes Released

Deloitte

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Today HMRC released updated Guidance Notes on implementing FATCA in the UK.

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Chris Tragheim

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Today HMRC released updated Guidance Notes on implementing FATCA in the UK. These guidance notes supersede the version released on 14 August 2013 and reflect the contributions received from UK businesses and advisers prior to the updated US FATCA Regulations issued by the IRS and US Treasury on 20 February 2014.

HMRC states that further amendments and additions to this guidance will be required as a result of the changes to the US Regulations, however, significant changes will be published as stand alone updates. This guidance will be consolidated to include these updates along with all other necessary changes at 6 monthly intervals. As such the next updated guidance will be published in August 2014.

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