How to register and how to report for Automatic Exchange of Information in the United Kingdom

On 2 April 2019, Her Majesty’s Revenue & Customs in the United Kingdom (“HMRC”) published an updated version of the guidance on “How to register for Automatic Exchange of Information” (Link).

This guidance refers to:

  • The United States Foreign Account Tax Compliance Act (“FATCA”);
  • Crown Dependencies and Overseas Territories (“CDOTs”); and,
  • The Common Reporting Standard (“CRS”).

In addition, also on 2 April 2019, Her Majesty’s Revenue & Customs in the United Kingdom published an updated version of the guidance on “How to report for Automatic Exchange of Information” (Link).

Financial institutions must use the online system to report to HMRC under Automatic Exchange of Information agreements. The filing date for returns for each year ending 31 December is 31 May of the following year. The list of territories, which are covered by the AEOI process is regularly updated and can be found on HMRC’s website (Link).

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