
2013 No. 1962
Taxes
The International Tax Compliance (United States of America) Regulations 2013 (revoked)
Made 6th August 2013
Laid before the House of Commons 7th August 2013
Coming into force 1st September 2013
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Introductory
Citation and commencement
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Implementation of the treaty etc
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Scope
Scope: definition of “reporting financial institution”
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Scope: definition of “reportable account”
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Scope: non-resident reporting financial institution’s UK representative
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Obligations in relation to financial accounts
Identification obligation
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Modification of due diligence requirements
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Reporting obligation
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Modifications for calendar years 2014 to 2016
9 
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Obligations in relation to payments to a non-participating financial institution
Identification and disclosure obligations
10 
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Reporting obligation
11 
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Penalties for breach of obligations
Penalties for failure to comply otherwise than with regulation 11
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Penalties for inaccurate information: reportable accounts
13 
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Penalties for failure to report or accurately report payments to non-participating financial institutions
14 
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Matters to be disregarded in relation to liability to penalties
15 
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Assessment of penalties
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Right to appeal against penalty
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Procedure on appeal against penalty
18 
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Enforcement of penalties
19 
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Miscellaneous
Accounts with a negative value
20 
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Anti-avoidance
21 
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Supplementary
Definitions
22 
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