
2014 No. 1506
Taxes
The International Tax Compliance (United States of America) Regulations 2014 (revoked)
Made 9th June 2014
Laid before the House of Commons 9th June 2014
Coming into force 30th June 2014
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Introductory
Citation and commencement
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Implementation of the treaty etc
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Scope
Meaning of “reporting financial institution”
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Meaning of “depository institution”
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Meaning of “investment entity”
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Meaning of “custodial institution”
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Meaning of “relevant holding company”
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Meaning of “treasury company”
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Meaning of “reportable account”
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Non-resident reporting financial institution’s UK representative
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Obligations in relation to financial accounts
Identification obligation
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Reporting obligation
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Modifications for calendar years 2014 to 2016
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Obligations in relation to payments to a non-participating financial institution
Identification and disclosure obligations
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Reporting obligation: payments to non-participating financial institutions
15 
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Penalties for breach of obligations
Penalties for failure to comply with Regulations
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Daily default penalty
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Penalties for inaccurate information: reportable accounts
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Penalties for failure to report or accurately report payments to non-participating financial institutions
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Matters to be disregarded in relation to liability to penalties
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Assessment of penalties
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Right to appeal against penalty
22 
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Procedure on appeal against penalty
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Increased daily default penalty
24 
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Enforcement of penalties
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Miscellaneous
Accounts with a negative value
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Anti-avoidance
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Supplementary
Definitions
28 
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Revocation
29 
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