The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, generally requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments. The HIRE Act also contained legislation requiring U.S. persons to report, depending on the value, their foreign financial accounts and foreign assets.
The Civil Liability Act 2018 makes important changes to the personal injury compensation system in England and Wales. It will reduce the number and cost of compensation for claims for whiplash injuries. It will also reform the way in which the personal injury discount rate is set. The Act also requires insurers to provide information to the FCA so that Government can assess whether they have passed on savings as a result of the Act to their customers.
Tel: 01491 578759 MANNINGUK is the trading name of A Manning UK Limited. Registered Office Address: 73A Reading Road, Henley-on-Thames, Oxfordshire. RG9 1AX. Registered Number 1807814. Authorised and Regulated by the Financial Conduct Authority. To verify see www.fca.org.uk under FCA reference number: 302687.
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