米国・外国口座税務コンプライアンス法(FATCA)-2021年3月

(2021年3月更新) Ukクラブの名称変更に伴いFATCA様式（W-8BEN‐E）を2021年3月に更新しました。新しいバージョンは添付の通りです。

＜要旨＞FATCAの様式が2017年7月に更新されました。新しいバージョンは添付の通りです。当クラブは「米国税の源泉徴収および報告に関する受益者のステータス証明書 (事業体用)」(IRS様式W-8BEN-E)にてFATCAステータスの証明を行っています。

The FATCA form has been updated as of July 2017. You can find the new version attached above.

FATCA became law in March 2010 and comes into effect on 1st July 2014. The stated objectives of the legislation according to the US Internal Revenue Service are:

"Targeting tax non-compliance by U.S. taxpayers with foreign accountsFocusing on reporting:

• By U.S. taxpayers about certain foreign financial accounts and offshore assets  
• By foreign financial institutions about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest

The objective of FATCA is the reporting of foreign financial assets; withholding is the cost of not reporting."

We understand that FATCA applies to insurance premiums emanating from the US to foreign entities. Such premiums are treated prima facie as withholdable payments. This means that in the absence of evidence to demonstrate FATCA status, a 30% withholding tax must be applied. The UK Club has taken advice and understands that under US law, the Club is treated as a "passive non-financial foreign entity", thus rendering payments made to it exempt from the withholding tax. The Club evidences its FATCA status through the IRS W-8BEN-E Form.

We have already received enquiries from a number of brokers and Members seeking information on the Club's FATCA status. If you have any questions regarding US FATCA or are remitting premium and require a copy of the Club's W-8BEN-E Form to establish a FATCA withholding tax exemption, please contact the Club's Head of Compliance, Paul Knight by email (paul.knight@thomasmiller.com) or telephone (+44 20 7204 2229).