UK trusts under the UK-US Intergovernmental Agreement (IGA)
Posted by William Byrnes on September 16, 2014
August 2014, STEP, alongside ICAEW and The Law Society of England and Wales, updated their joint guide to the treatment of UK trusts under the UK-US Intergovernmental Agreement (IGA) to take into account minor revisions from HMRC. The trust tests (left hand side of the flowchart) have been amended. Detailed questions in Appendix II of the guidance have also been revised to reflect this. The changes are not fundamental.