The International Tax Compliance (Crown Dependencies and Gibraltar) Regulations 2014

Definitions

19.—(1) In these Regulations—

“Annex 1” means Annex 1 of the relevant agreement,

“the Commissioners” means the Commissioners for her Majesty’s Revenue and Customs,

“Global Intermediary Identification Number” means a number allocated to a Financial Institution by the Internal Revenue Service in the United States of America for the purposes of the part of the law of that territory commonly known as the Foreign Account Tax Compliance Act, and

“the tribunal” means the first tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal.

(2) In these Regulations references to a person’s relevant tax status are to whether or not that person is—

(a) in relation to the Isle of Man agreement, a specified Isle of Man person,

(b) in relation to the Guernsey agreement, a specified Guernsey person,

(c) in relation to the Jersey agreement, a specified Jersey person, and

(d) in relation to the Gibraltar agreement, a specified Gibraltar person.

(3) In these Regulations references to a value in dollars are references to a value in the currency of the United States of America.

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

Expression	Reference
account holder	regulation 2(4) and sub-paragraph 1(dd) of Article 1 of the relevant agreement
Active NFFE	regulation 2(4) and paragraph VI.B (6) of Annex 1
Annex 1	regulation 19(1)
annuity contract	regulation 2(4) and sub-paragraph 1(w) of Article 1 of the relevant agreement
the Commissioners	regulation 19(1)
cash value insurance contract	regulation 2(4) and sub-paragraph 1(x) of Article 1 of the relevant agreement
controlling person	regulation 2(4) and sub-paragraph 1(ll) of Article 1 of the relevant agreement
custodial account	regulation 2(4) and sub-paragraph 1(t) of Article 1 of the relevant agreement
custodial institution	regulation 3(7)
depository account	regulation 2(4) and sub-paragraph 1(s) of Article 1 of the relevant agreement
depository institution	regulation 3(3)
entity account	regulation 4(4)(a)
financial account	regulation 2(4) and sub-paragraph 1(r) of Article 1 of the relevant agreement
financial institution	regulation 2(4) and sub-paragraph 1(g) of Article 1 of the relevant agreement
the Gibraltar agreement	regulation 2(2)
Global Intermediary Identification Number	regulation 19(1)
the Guernsey agreement	regulation 2(2)
HMRC	section 222(4) FA 2013(1)
individual account	regulation 4(4)(b)
insurance contract	regulation 2(4) and sub-paragraph 1(v) of Article 1 of the relevant agreement
investment entity	regulation 3(4)
the Isle of Man agreement	regulation 2(2)
the Jersey agreement	regulation 2(2)
new entity account	regulation 2(4) and paragraph V of Annex 1
new individual account	regulation 2(4) and paragraph III of Annex 1
non-reporting financial institution	regulation 2(4) and sub-paragraph 1(q) of Article 1 of the relevant agreement
passive NFFE	regulation 2(4) and sub-paragraph VI.B.5 of Annex 1 of the relevant agreement
preexisting account	regulation 2(4) and sub-paragraph 1(z) of Article 1 of the relevant agreement
preexisting entity account	regulation 2(4) and paragraph IV of Annex 1
preexisting individual account	regulation 2(4) and paragraph II of Annex 1
related entity	regulation 2(4) and sub-paragraph 1(kk) of Article 1 of the relevant agreement
the relevant agreement	regulation 2(3)
relevant tax status	regulation 19(2)
relevant total gross credits	regulation 8(5)
reportable account	regulation 4
reporting date	regulations 8(3) and 9(3)
reporting financial institution	regulation 3
specified Gibraltar person	regulation 2(4) and sub-paragraph 1(gg) of Article 1 of the Gibraltar agreement
specified Guernsey person	regulation 2(4) and sub-paragraph 1(gg) of Article 1 of the Guernsey agreement
specified insurance company	regulation 2(4) and sub-paragraph 1(k) of Article 1 of the relevant agreement
specified Isle of Man person	regulation 2(4) and sub-paragraph 1(gg) of Article 1 of the Isle of Man agreement
specified Jersey person	regulation 2(4) and sub-paragraph 1(gg) of Article 1 of the Jersey agreement
specified person	regulation 2(4) and sub-paragraph 1(ee) of Article 1 of the relevant agreement
the tribunal	regulation 19(1)
United Kingdom financial institution	regulation 2(4) and sub-paragraph 1(l) of Article 1 of the relevant agreement

(1)

2013 c. 29.