The Fatca bounce: could you capitalise on the opportunity?

This agreement saw policy-makers in the UK, France, Italy, Germany and Spain all commit to improving tax compliance and implement the rules set out under the US-driven legislation.

'We have an approved and resourced project currently running for Fatca, based on the published requirements and timelines,’ Matheson said at the time.

‘Now the UK IGA is released, we can complete our assessment of the one-off and on-going costs of compliance, though we are still awaiting information from other jurisdictions which do not currently feature under the IGA model, particularly the Channel Islands,' Matheson added.

Freedman said he believes London & Capital is already well-positioned to offer advice because it has operated a specialist US team for around two decades.