Chwilio Deddfwriaeth

The International Tax Compliance Regulations 2015

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

Changes over time for: Supplementary

 Help about opening options

Version Superseded: 13/05/2020

Status:

Point in time view as at 16/05/2019.

Changes to legislation:

There are currently no known outstanding effects for the The International Tax Compliance Regulations 2015, Supplementary. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

SupplementaryU.K.

Anti-avoidanceU.K.

23.  If—

(a)[F1a reporting financial institution, UK representative, specified financial institution or specified relevant person] enters into any arrangements, and

(b)the main purpose, or one of the main purposes, of [F2the institution or representative] in entering into the arrangements is to avoid any obligation under these Regulations,

these Regulations are to have effect as if the arrangements had not been entered into.

DefinitionsU.K.

24.—(1) In these Regulations—

the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs,

the tribunal” means the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal,

“US Treasury Regulations” mean the US Regulations Relating to Information Reporting by Foreign Financial Institutions and Other Foreign Entities M1.

(2) The following table lists the places where expressions that apply for the purposes of these Regulations are defined or otherwise explained—

ExpressionRegulationsThe DACThe CRSThe FATCA agreement
account holderSection VIII(E)(1) of Annex ISection VIII(E)(1) of the CRSArticle 1(1)(ee)
annuity contractSection VIII(C)(6) of Annex ISection VIII(C)(6) of the CRS
[F3CRS] [F3regulation 1(3A)]
cash value insurance contractSection VIII(C)(7) of Annex ISection VIII(C)(7) of the CRS
the Commissionersregulation 24(1)
controlling personSection VIII(D)(5) of Annex ISection VIII(D)(6) of the CRSArticle 1(1)(mm)
[F3custodial account] [F3Section VIII(C)(3) of Annex I] [F3Section VIII(C)(3) of the CRS] [F3Article 1(1)(u)]
the DACregulations 1(3)(a)
entitySection VIII(E)(3) of Annex ISection VIII(E)(3) of the CRSArticle 1(1)(hh)
excluded accountsSchedule 2Section VIII(C)(17) of Annex ISection VIII(C)(17) of the CRS
the FATCA agreementregulation 1(3)(c)
financial accountSection VIII(C) of Annex ISection VIII(C) of the CRSArticle 1(1)(s)
financial institution [F4regulation 1(5A)] [F4Section VIII(A)(3) of Annex I] [F4Section VIII(A)(3) of the CRS ]
[F5high value account] [F5Section VIII(C)(15) of Annex I] [F5Section VIII(C)(15) of the CRS] [F5Section II(D) of Annex I]
[F5NFE] [F5Section VIII(D)(6) of Annex I] [F5Section VIII(D)(7) of the CRS]
[F6investment entity] [F6regulation 1(5A)] [F6Section VIII(A)(6) of Annex I] [F6Section VIII(A)(6) of the CRS]
new accountSection VIII(C)(10) of Annex ISection VIII(C)(10) of the CRS
non-participating financial institutionArticle 1(1)(r)
[F7non-reporting financial institution] [F7Section VIII(B)(1) of Annex I] [F7Section VIII(B)(1) of the CRS]
participating jurisdictionSchedule 1Section VIII(D)(4) of Annex ISection VIII(D)(5) of the CRS
[F8pre-existing account] [F8regulation 3(4A)] [F8Section VIII(C)(9) of Annex I] [F8Section VIII(C)(9) of the CRS] [F8Article 1(1)(aa)]
[F8pre-existing entity account]F8. . . [F8Section VIII(C)(13) of Annex I] [F8Section VIII(C)(13) of the CRS] [F8Section IV of Annex I]
[F9related entity] [F9regulation 3(4A)] [F9Section VIII(E)(4) of Annex I] [F9Section VIII(E)(4) of the CRS]
reportable accountregulation 2Section VIII(D)(1) of Annex ISection VIII(D)(1) of the CRSArticle 1(1)(bb)
[F9reportable jurisdiction] [F9Section VIII(D)(4) of the CRS]
reporting financial institutionSection VIII(A)(1) of Annex ISection VIII(A)(1) of the CRSArticle 1(1)(n)
reportable person [F10Section VIII(D)(2) of Annex I] [F10Section VIII(D)(2) of the CRS]
relevant agreementRegulation 1(5)
[F9specified financial institution] [F9regulation 12A(3)]
[F9specified relevant person] [F9regulation 12A(4)]
specified U.S. personArticle 1(1)(gg)
the tribunalregulation 24(1)
[F9UK representative] [F9regulation 11(2)]
U.S. reportable accountArticle 1(1)(dd) and paragraph I.B of Annex I
U.S. Treasury Regulationsregulation 24(1)

Textual Amendments

Marginal Citations

M1The Regulations can be found on the US Department of the Treasury website at http://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA.aspx.

RevocationU.K.

25.  The International Tax Compliance (United States of America) Regulations 2014 M2 are revoked.

Marginal Citations

Yn ôl i’r brig

Options/Help

Print Options

Close

Mae deddfwriaeth ar gael mewn fersiynau gwahanol:

Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.

Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.

Pwynt Penodol mewn Amser: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

Gweler y wybodaeth ychwanegol ochr yn ochr â’r cynnwys

Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Dewisiadau Agor

Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd

Close

Memorandwm Esboniadol

Mae Memoranda Esboniadol yn nodi datganiad byr o ddiben Offeryn Statudol ac yn rhoi gwybodaeth am ei amcan polisi a goblygiadau polisi. Maent yn ceisio gwneud yr Offeryn Statudol yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol, ac maent yn cyd-fynd ag unrhyw Offeryn Statudol neu Offeryn Statudol Drafft a gyflwynwyd ger bron y Senedd o Fehefin 2004 ymlaen.

Close

Rhagor o Adnoddau

Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • slipiau cywiro
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Close

Llinell Amser Newidiadau

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

Rhagor o Adnoddau

Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:

  • y PDF print gwreiddiol y fel gwnaed fersiwn a ddefnyddiwyd am y copi print
  • slipiau cywiro

liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys

  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill