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 in relation to international tax compliance.

Regulation 2 provides for the principal Regulations to apply to arrangements for the exchange of financial account information with other jurisdictions, specified in a notice published by HMRC (as revised or replaced from time to time). A notice will be published for this purpose at https://www.gov.uk/government/collections/automatic-exchange-of-information-agreements. A hard copy of this notice will be available for inspection at the office of HMRC at 14 Westfield Avenue, Stratford, London E20 1HZ.

A Tax Information and Impact Note covering the principal Regulations was published on 18th March 2015 and is available 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.