Modifications of reporting requirements: FATCAU.K.
8.—(1) In relation to an account identified as a reportable account for the purposes of the FATCA agreement, the information required to be reported is modified as follows.
(2) In the case of all reportable accounts for the calendar year 2014, the information required to be reported is provided in Article 3(3)(a)(1) of the FATCA agreement.
(3) In the case of custodial accounts for the calendar year 2015, the information required to be reported is provided in Article 3(3)(a)(2) of the FATCA agreement.
(4) In the case of pre-existing accounts—
(a)for calendar years before 2017—
(i)there is no requirement to include a U.S. federal taxpayer identifying number if the reporting financial institution does not hold that number, but
(ii)if the account holder is an individual whose date of birth the institution does hold, the institution must include the account holder's date of birth instead, and
(b)for the calendar year 2017 and subsequent years, if a reporting financial institution does not hold a U.S. federal taxpayer identifying number that it is required to report, the institution must obtain that number from the account holder.