2021 No. 485

Taxes

The International Tax Compliance (Amendment) Regulations 2021

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 2021 and come into force on 14th May 2021.

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 “19th April 2020” substitute “20th April 2021”3.

David RutleyMichael TomlinsonTwo of the Lords Commissioners of Her 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 20th April 2021, 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.