ARTICLE · 23 APRIL 2015

Weekly Tax Update - Monday 20 April

Smith & Williamson

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HMRC has published its latest organisation chart showing the names of senior management.

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1 General news

1.1 HMRC organisation chart

HMRC has published its latest organisation chart showing the names of senior management.

One point to note is the number of senior people now in roles such as change management as opposed to being in pure technical roles. This clearly demonstrates the direction of travel of HMRC.

www.gov.uk/government/publications/hmrc-organisation-chart

1.2 New regulations for international tax compliance

HMRC has issued an update concerning the UK/US IGA and FATCA obligations. It confirms that (i) nil returns are not required from reporting financial institutions and (ii) holding and treasury companies are not automatically regarded as reporting financial institutions.

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