Global forum on transparency and exchange of information for tax purposes peer reviews: United Kingdom 2013: combined: Phase 1 + Phase 2, incorporating Phase 2 ratings: November 2013 (reflecting the legal and regulatory framework as at January 2013)

This report contains the revised Phase 1 and Phase 2 review for the United Kingdom, now including ratings. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by 120 jurisdictions, which participate in the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the international standards of transparency and exchange of information for tax purposes. These standards are primari. Read more... Table of Contents About the Global Forum Executive Summary Introduction Information and methodology used for the peer review of the United Kingdom Overview of the United Kingdom Recent developments Compliance with the Standards A. Availability of Information Overview A.1. Ownership and identity information A.2. Accounting records A.3. Banking information B. Access to Information Overview B.1. Competent Authority's ability to obtain and provide information B.2. Notification requirements and rights and safeguards C. Exchanging Information Overview. C.1. Exchange-of-information mechanismsC. 2. Exchange-of-information mechanisms with all relevant partners C.3. Confidentiality C.4. Rights and safeguards of taxpayers and third parties C.5. Timeliness of responses to requests for information Summary of Determinations and FactorsUnderlying Recommendations Annex 1: Jurisdiction's Response to the Report Annex 2: List of Exchange of Information Mechanisms in Force Annex 3: List of All Laws, Regulations and Other Relevant Material Annex 4: People Interviewed During On-site Visit. This report includes Phase 1 and Phase 2 reviews for Greece incorporating Phase 2 ratings. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by 120 jurisdictions, which participate in the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the international standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in This report summarises the legal and regulatory framework for transparency and exchange of information in the United Kingdom as well as the practical implementation of that framework. It is reflecting the legal and regulatory framework as at January 2013