The International Tax Compliance (Amendment) Regulations 2024
S.I. 2024/544 · Made 22 April 2024
TAXES
Made 22nd April 2024
Laid before the House of Commons 23rd April 2024
Coming into force 14th May 2024
The Treasury make these Regulations in exercise of the powers conferred by section 349 of the Finance (No.2) Act 2023f1.
Annotations to the whole text
Footnotes
- f1
Contents
- 1Citation and commencement
- 2Amendment to the International Tax Compliance Regulations 2015
- Signature
- Explanatory note
1Citation and commencement
These Regulations may be cited as the International Tax Compliance (Amendment) Regulations 2024 and come into force on 14th May 2024.
2Amendment to the International Tax Compliance Regulations 2015
In the International Tax Compliance Regulations 2015f1, for regulation 1(3)(b) substitute—
“(b)the arrangements entered into by the United Kingdom with another territory for the exchange of tax information for the purposes of the adoption and implementation of the CRS, specified in a notice published by the Commissioners (as revised or replaced from time to time);”f2
Signature
Scott Mann
Amanda Milling
Two of the Lords Commissioners of His Majesty's Treasury
22nd April 2024
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 in relation to international tax compliance.
Regulation 2 provides for the principal Regulations to apply to arrangements for the exchange of financial account information with other jurisdictions, specified in a notice published by HMRC (as revised or replaced from time to time). A notice will be published for this purpose at https://www.gov.uk/government/collections/automatic-exchange-of-information-agreements. A hard copy of this notice will be available for inspection at the office of HMRC at 14 Westfield Avenue, Stratford, London E20 1HZ.
A Tax Information and Impact Note covering the principal Regulations was published on 18th March 2015 and is available 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.