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The International Tax Compliance (Amendment) Regulations 2023

S.I. 2023/461 · Made 24 April 2023

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 24th April 2023

Laid before the House of Commons 25th April 2023

Coming into force 17th May 2023

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; section 222 was amended by section 50 of the Finance (No. 2) Act 2015 (c. 33).

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 2023 and come into force on 17th May 2023.

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 “20th April 2022” substitute “19th April 2023”f2.

Signature

Steve Double

Andrew Stephenson

Two of the Lords Commissioners of His Majesty’s Treasury

24th April 2023

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 19th April 2023, 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.