Her Majesty’s Revenue and Customs (HMRC) has issued guidance on the implementation of the International Tax Compliance (United States of America) Regulations 2013, which come into force on 1 September 2013.

The guidance is designed to assist businesses, their advisers and HMRC staff and applies, in particular to, UK financial institutions, UK entities that will need to certify their entity “classification” for the purposes of the US Foreign Account Tax Compliance Act (FATCA), and entities that undertake FATCA obligations on behalf of financial institutions.

A copy of the guidance is available. http://www.hmrc.gov.uk/fatca/130814-guidance.pdf