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Tax Avoidance: USA

Question for HM Treasury

UIN 4634, tabled on 12 July 2017

To ask Mr Chancellor of the Exchequer, what discussions he has had with his US counterpart on (a) that country repealing its Foreign Account Tax Compliance Act and (b) exempting non-life insurance services from the remit of that Act.

Answered on

20 July 2017

As part of the process of reviewing the Inter-Governmental Agreement between the UK and the US that implements FATCA in the UK, my officials have raised a wide range of issues with the US Treasury and the IRS, including the obligations placed by the US on the non-life insurance industry.

Answered by

Treasury