News in brief… 14 July 2025

UK amends International Tax Compliance Regulations

UK amends International Tax Compliance Regulations His Majesty's Revenue and Customs (HMRC) in the United Kingdom (UK) has introduced amendments which will affect both the Foreign Account Tax Compliance Act (FATCA) and common reporting standard (CRS) frameworks. The changes to the International Tax Compliance (Amendment) Regulations 2025 include: the deadlines have been extended for financial institutions to meet the criteria for being a "qualified credit card issuer", and for accounts t...

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Published Date: 14 July 2025