Statutory Instruments
2023 No. 461
Taxes
The International Tax Compliance (Amendment) Regulations 2023
Made
24th April 2023
Laid before the House of Commons
25th April 2023
Coming into force
17th May 2023
The Treasury make these Regulations in exercise of the powers conferred by section 222 of the Finance Act 2013( 1 ):
Citation and commencement
1. These Regulations may be cited as the International Tax Compliance (Amendment) Regulations 2023 and come into force on 17th May 2023.
Amendment to the International Tax Compliance Regulations 2015
2. —(1)The International Tax Compliance Regulations 2015( 2 ) are amended as follows.
(2) In regulation 1(3)(b)(i), for “20th April 2022” substitute “19th April 2023” ( 3 ).
Steve Double
Andrew Stephenson
Two of the Lords Commissioners of His Majesty’s Treasury
24th April 2023
2013 c. 29 ; section 222 was amended by section 50 of the Finance (No. 2) Act 2015 (c. 33) .
S.I. 2015/878 (referred to in these footnotes as “ the principal Regulations ”); amending instruments are S.I. 2015/1839 , 2016/899 , 2017/598 , 2018/490 , 2019/881 , 2020/438 , 2020/1300 , 2021/485 and 2022/474 .
In accordance with “ the CRS ” (defined in regulation 1(3A) of the principal Regulations as the common reporting standard for the automatic exchange of financial account information developed by the Organisation for Economic Co-operation and Development, including the commentary on the common reporting standard) the United Kingdom exchanges information received from financial institutions under the principal Regulations with a territory which is a “Reportable Jurisdiction” under the CRS (see definition in section VIII(D)(4) of the CRS) and with which the United Kingdom has entered into international exchange arrangements for that year. Reportable Jurisdictions are identified in a published list available at https://www.gov.uk/hmrc-internal-manuals/international-exchange-of-information/ieim402340 . A hard copy of this list is available for inspection at the office of HMRC at 14 Westfield Avenue, 7th floor, Stratford, London E20 1HZ.