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1038033

registered interest
date	08/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: USA
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 10 December 2018 to Question 200664, what assessment he has made of the potential administrative and financial burdens placed on accidental Americans resident in the UK by the US Foreign Account Tax Compliance Act.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	206440
answer	answer is ministerial correction date of answer 16/01/2019 answer text <p>In 2013 the UK introduced regulations to support the exchange of information, in line with a UK-US intergovernmental agreement regarding the US Foreign Account Tax Compliance Act (FATCA). Before introducing these regulations, the government carried out an impact assessment in line with the usual tax policy making process.</p><p> </p><p>As set out in the answer to Question 200664, the government continues to engage with the US Treasury and Internal Revenue Service regarding the impact and implementation of FATCA.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/01/2019 17:09:12 answering member 3935 label Biography information for Mel Stride
tabling member	4603 label Biography information for Preet Kaur Gill

1022823

registered interest
date	10/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: USA
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with his counterpart in the US Department of the Treasury on creation of accidental Americans through the US Foreign Account Tax Compliance Act.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	200664
answer	answer is ministerial correction date of answer 18/12/2018 answer text <p>The government has engaged with the US Treasury and the IRS on a number of occasions regarding the US Foreign Account Tax Compliance Act (FATCA). The government recognises that FATCA is a particular concern for those who were unaware of the obligations associated with their US citizenship.</p><p> </p><p>However, to clarify, FATCA does not create new accidental Americans. Rather, FATCA created a mechanism for the financial accounts of overseas US citizens to be reported to the US.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 18/12/2018 14:47:11 answering member 3935 label Biography information for Mel Stride
tabling member	4603 label Biography information for Preet Kaur Gill