White Horse Training is offering a special one-hour webinar to help introduce accountants to the global tax evasion landscape and to provide them with the foundation knowledge they need to assist any clients who may be affected. The webinar will take place at 10:30am on Thursday 9th June, and will be led by industry expert, Ross McGill.

 

What is GATCA?

 

GATCA is the common term for a range of global regulations designed to detect, deter and precent tax evasion by forcing financial institutions to report accounts held by non residents to their home country’s tax authority. GATCA stands for Global Account Tax Compliance Acts. These include the US Foreign Account Tax Compliance Act (FATCA) regulations, the UK equivalent of FATCA, and more recently the OECD Automatic Exchange of Information (AEoI) and Common Reporting Standard (CRS).
 

Why do UK accountants need to know about GATCA?

 
UK accounts may have clients who are liable to tax in more than one country or who are not UK residents ‘for tax purposes’. The effect of GATCA is that the financial accounts operated by these clients will be reported to the tax authorities in these other jurisdictions. These clients will be aware of these regulations from media coverage. They may also be subject to requests for information from financial institutions at which they operate accounts.  Clients however may not be aware of how and why they may be reported to a foreign government. They will expect their accountant to be be aware of the regulations and be able to provide informed comment on them as part of their role.
 

Who is affected by GATCA?

 
The regulations affect both individuals and ‘entities’ such as corporations, trusts, partnerships and other collective investment vehicles.
 

Webinar Overview

 

This webinar addresses key issues for UK accountancy firms and their clients. Topics covered include:

  • What is FATCA and what is GATCA?
  • What questions will banks be asking and why?
  • Recalcitrance and Non-Participation
  • Penalties
  • Reporting
  • Impact of the ‘Panama Papers’ Scandal

Speaker Biography

 
Ross McGill is the CEO of UK based global consulting and training firm TConsult. Ross has authored eight books on financial services regulation including one of the only two books published on FATCA. He is a renowned speaker, trainer and subject matter expert on GATCA and is the founder of gatca.info, a web site dedicated to bring together all the documentation of these regulations into one curated space for professionals to access.

Booking

 
This webinar is free of charge for members of White Horse Training. Non-members can watch the webinar for £105 + VAT.
To book a place, please contact bookings@whitehorseltd.co.uk or call 01225 460167.