The International Tax Compliance (Amendment) Regulations 2019

Made: 23rd April 2019

Laid before the House of Commons: 24th April 2019

Coming into force: 16th May 2019

The Treasury make these Regulations in exercise of the powers conferred by section 222(1) of the Finance Act 2013[^f00001]:

Citation and commencement

1

These Regulations may be cited as the International Tax Compliance (Amendment) Regulations 2019 and come into force on 16th May 2019.

Amendment to the International Tax Compliance Regulations 2015

2

• (1) The International Tax Compliance Regulations 2015[^f00002] are amended as follows.

• (2) In regulation 1(3)(b)(i), for “at 9th May 2018”, substitute “at 16th May 2019”.

Signed

Rebecca Harris — Mike Freer — Two of the Lords Commissioners of Her Majesty’s Treasury — 23rd April 2019

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

The Regulations amend the International Tax Compliance Regulations 2015 (S.I. 2015/878) (“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 16th May 2019, the date when the Regulations come into force.

A Tax Information and Impact Note covering the principal Regulations was published on 18th March 2015 and is available on the HMRC website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins. It remains an accurate summary of the impacts that apply to this instrument.

Footnotes

[^f00001]: 2013 c. 29; section 222 was amended by section 50 of the Finance (No. 2) Act 2015 (c. 33) but the amendments are not relevant to these Regulations.

[^f00002]: S.I. 2015/878; relevant amending instruments are S.I. 2017/598 and 2018/490.