Newspage

FATCA and UK Trusts

The US made significant amendments to its tax laws by passing the Foreign Account Tax Compliance Act (FATCA), which came into force on 1 July 2014. The aim of FATCA is to reduce global tax evasion and, therefore, tax authorities have agreed to collect and exchange information on each other’s tax residents.

 ©Lindsey Sherman and Associates Ltd.  2010: Registered Office Copthorne Farmhouse, Main Street, Great Ouseburn, York. YO26 9RE