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Taxation: USA

Question for HM Treasury

UIN 6044, tabled on 19 July 2017

To ask Mr Chancellor of the Exchequer, whether his Department has made an assessment of the potential additional administrative and financial burdens placed on UK financial services of complying with the US Foreign Account Tax Compliance Act; and if he will make a statement.

Answered on

11 September 2017

An assessment of the administrative and financial impact on UK industry of the implementation of the US Foreign Account Tax Compliance Act (FATCA) in the UK, including compliance costs, was published alongside The International Tax Compliance (United States of America) Regulations 2013 which gave effect to FATCA.

Answered by

Treasury