text: accounts so that these terms are defined by reference to the date that those accounts ceased to be 
  excluded accounts. Regulation 2(3) and (4)(a) make consequential amendments. 
  
  Regulation 3 makes a transitional provision for the calendar year 2020 in relation to accounts 
  which were previously excluded accounts. 
  
  A Tax Information and Impact Note covering the International Tax Compliance Regulations 2015 
  was published on 18th March 2015 and 
  the HMRC website at 
  https://www.gov.uk/government/publications/tax-administration-regulations-to-implement-the- 
  uks-automatic-exchange-of-information-agreements. It remains an accurate summary of the 
  impacts that apply to this instrument. 
  
  is available on 