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HRMC Guidance on Removal of Holding and Treasury Companies from Definition of UKFI

|Approved Changes|United Kingdom
United Kingdom

HMRC issued on 21 May a guidance note on the removal of “relevant holding company” and “treasury company” from the definition of a UK Financial Institution (UKFI) for the purposes of applying the UK agreements on the automatic exchange of information.  The instruments affected by the removal include the FATCA agreement with the United States, the UK/Crown Dependencies and Gibraltar ag…

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