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The International Tax Compliance (Amendment) Regulations 2021

S.I. 2021/485 · Made 19 April 2021

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Taxes

Made 19th April 2021

Laid before the House of Commons 22nd April 2021

Coming into force 14th May 2021

The Treasury make these Regulations in exercise of the powers conferred by section 222 of the Finance Act 2013f1:

Annotations to the whole text

Footnotes

f1

2013 c. 29.

Contents

  1. 1Citation and commencement
  2. 2Amendment to the International Tax Compliance Regulations 2015
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the International Tax Compliance (Amendment) Regulations 2021 and come into force on 14th May 2021.

2Amendment to the International Tax Compliance Regulations 2015

(1)

The International Tax Compliance Regulations 2015f1 are amended as follows.

(2)

In regulation 1(3)(b)(i), for “19th April 2020” substitute “20th April 2021”f2.

Signature

David Rutley

Michael Tomlinson

Two of the Lords Commissioners of Her Majesty’s Treasury

19th April 2021

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the International Tax Compliance Regulations 2015 (“the principal Regulations”) which give effect to agreements and arrangements reached between the United Kingdom and other jurisdictions to improve international tax compliance.

Regulation 2 extends the application of the principal Regulations to arrangements entered into by the United Kingdom for the exchange of financial account information with other jurisdictions up to 20th April 2021, a date before these Regulations are made.

A Tax Information and Impact Note covering the International Tax Compliance Regulations 2015 was published on 18th March 2015 and is available on the HMRC website at https://www.gov.uk/government/publications/tax-administration-regulations-to-implement-the-uks-automatic-exchange-of-information-agreements. It remains an accurate summary of the impacts of the principal Regulations as amended.