01.01 – The purpose of these Guidance notes

The Guidance is to be read by businesses, their advisers and HMRC staff and is published in conjunction with The International Tax Compliance (United States of America) Regulations 2014. It applies to:

  • UK Financial Institutions
  • UK entities that will need to certify their entity “classification” for FATCA; and
  • Entities that undertake FATCA obligations on behalf of Financial Institutions.

The application of the provisions in any further similar Agreements entered into by the UK, where it differs from the UK-US Agreement will be covered in supplementary chapters to this guidance. Where no supplementary guidance is provided, the provision of the similar Agreement should be applied in the same way as the provision in the UK-US Agreement.