Following the publication of the final US Foreign Account Tax Compliance Act (FATCA) regulations, HMRC has extended the consultation period on the draft UK regulations and guidance for the UK-US Agreement to 28 February 2013.

Due to late publication of the final FATCA rules by the US authorities, HMRC has recognised that practitioners need more time to consider the US regulations.

On 18 December 2012, HMRC published a summary of responses to the consultation seeking views on the implementation of UK-US FATCA Agreement in the UK along with draft regulations and draft guidance.

Further details are available from HMRC