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Taxation: USA

Question for HM Treasury

UIN 4703, tabled on 12 July 2017

To ask Mr Chancellor of the Exchequer, what representations he has made to his counterpart in the US on the effect on UK financial services businesses of complying with the US Foreign Account Tax Compliance 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