Print Page   |   Report Abuse
News & Press: International News

UK Signs FATCA Agreement with US

25 September 2012   (0 Comments)
Posted by: SAIT Technical
Share |

By TaxFax (Irish Tax Institute)

The UK Government has signed an agreement with the United States to improve international tax compliance and implement the Foreign Account Tax Compliance Act (FATCA) provisions. The agreement aims to address the legal concerns of UK financial institutions around complying with FATCA, and to reduce the burdens imposed on them.

HMRC has also launched a consultation on the implementation of the UK-US FATCA Agreement. Click to access more information about the
agreement and the consultation.


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by®  ::  Legal