Finance Act 2025

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Amendment of section 891F of Principal Act (returns of certain information by financial institutions)

94. Section 891F(2) of the Principal Act is amended by the substitution of the following definition for the definition of “the standard”:

“ ‘the standard’ means the Standard for Automatic Exchange of Financial Account Information approved on 15 July 2014 by the Council of the Organisation for Economic Cooperation and Development and Part II of the OECD (2023), International Standards for Automatic Exchange of Information in Tax Matters: Crypto-Asset Reporting Framework and 2023 update to the Common Reporting Standard published by the Organisation for Economic Cooperation and Development on 8 June 2023;”.