2023 No. 461
Taxes

The International Tax Compliance (Amendment) Regulations 2023

Made
Laid before the House of Commons
Coming into force
The Treasury make these Regulations in exercise of the powers conferred by section 222 of the Finance Act 20131:

Citation and commencement1.

These Regulations may be cited as the International Tax Compliance (Amendment) Regulations 2023 and come into force on 17th May 2023.

Amendment to the International Tax Compliance Regulations 20152.

(1)

The International Tax Compliance Regulations 20152 are amended as follows.

(2)

In regulation 1(3)(b)(i), for “20th April 2022” substitute “19th April 2023”3.

Steve Double
Andrew Stephenson
Two of the Lords Commissioners of His Majesty’s Treasury
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.