Topics: Tax and VAT / Governance, legal and compliance / Banking and financial services div>
Posted by: CFG
On: 27.03.2026
UK charities are generally exempt from reporting obligations under the US Foreign Account Tax Compliance Act, thanks to their Deemed-Compliant Financial Institution status under the UK–US Intergovernmental Agreement. However, charities operating internationally should plan ahead, as foreign banks may be unfamiliar with UK charitable status and could apply withholding to US-sourced payments.
Time to read: 4 minutes
More >>