News & Insights

US & UK FATCA Update - Q3 2016

Further to our last newsletter, the Department of International Tax Cooperation (“DITC”) issued a further advisory confirming a final extension of both the notification and the reporting deadlines in respect of US FATCA and UK FATCA to 2 September 2016

The notifications and reporting by Reporting Financial Institutions are done through the Cayman Islands AEOI Portal (http://tia.gov.ky/). 

Notification and returns submitted on or before Friday 2 September 2016 will not attract any adverse compliance consequences or enforcement measures.  If you have yet to make a notification or reporting of returns this should be done out as soon as possible to avoid and/or minimise any potential enforcement measures.

This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.