On 5 August 2016 the Cayman Islands Department for International Tax Cooperation issued a Notification about Reporting Due Dates for UK CDOT and US FATCA which announced that the due dates for notification and reporting under UK CDOT and US FATCA have been extended to 2 September 2016.
In light of the AEOI Portal issues that users have experienced, the extension provides financial institutions additional time to undertake their reporting obligations.
Notification and returns submitted on or before Friday 2 September 2016 will not attract any adverse compliance consequences or enforcement measures.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.