The International Tax Compliance (Amendment) Regulations 2025 was introduced on 24 June 2025 and brings in changes to the Common Reporting Standard (CRS). We had

What is it? The Foreign Account Tax Compliance Act (FATCA) is a piece of legislation introduced by the United States (US) in 2010 which was

The FCA and PRA today published their Mutuals Landscape Report. The regulators are planning to support the mutuals sector in a number of ways including:

PRA Review of the Sector 2025 The PRA have issued their 2025 review of the sector letter for credit unions with turnover up to £50million.

On 24 June 2024 the PRA issued Consultation Paper 13/25 on Credit Union Service Organisations (CUSOs). The main proposals within the paper are: To amend

Regulation of CUSOs  The PRA announced at ABCUL’s Annual Conference, on 15 March 2025, that they would be looking to clarify the regulatory treatment on

All credit unions will be required to register with HMRC by the end of 2025 to comply with international tax regulations if new legislation is

On 2nd December 2024, Helen Ainsworth wrote to credit unions setting out the PRA’s Annual Assessment of the sector. Similar to previous years there were

On 6 October 2023, the PRA issued their annual review letter to Credit Unions. There were two versions of the letter. One for Credit Unions