Automatic exchange of information handbook. (2021)

• Record Type: Book
• Further Information: Note: John Hiddleston.
• Authors: Hiddleston, John
• Contents: 1 How we got here – A quick look at the recent history of Automatic Exchange 2 The UK and Automatic Exchange today, including the impact of Brexit 3 An overview of FATCA and CRS 4 What is a reporting financial institution under FATCA/CRS? Why is it important? 5 What is a financial account? Why is that important? 6 How are different kinds of entities and persons affected by FATCA/CRS? 7 FATCA/CRS – Advising, assisting, looking after and dealing with clients 8 FATCA/CRS – What might happen to us, if we didn't comply? 9 FATCA/CRS – Due diligence requirements under the UK's regulations 10 FATCA/CRS due diligence of individual accounts 11 FATCA/CRS due diligence of entity accounts (including NFEs and NFFEs) 12 Making a report under the UK's FATCA/CRS regulations 13 EU DAC 6 – the EU Mandatory Disclosure regime 14 EU DAC 6 – Who must report? 15 EU DAC 6 – What must be reported, when and how? 16 EU DAC 6 – Other obligations 17 EU DAC 6 – The hallmarks 18 EU DAC 6 – Penalties for non-compliance 19 Other forms of exchange under EU DAC 20 HMRC's legal framework for exchange Appendix I – List of countries with a FATCA agreement with the USA Appendix II – OECD Common Reporting Standard ('CRS') participant countries Appendix III – Flowchart 1 – Is this a financial institution? Appendix IV – Flowchart 2 – Is this a UK reporting financial institution? Appendix V – Flowchart 3 – What FATCA and CRS due diligence must a reporting financial institution carry out? Appendix VI – Flowchart 4 – FATCA and CRS due diligence in relation to new individual accounts Appendix VII – Flowchart 5 – FATCA and CRS due diligence for a reporting financial institution in relation to new entity accounts Appendix VIII – Flowchart 6 – Must a UK reporting financial institution treat this as a CRS or FATCA reportable account? Appendix IX – Flowchart 7 – Must a DAC 6 return be made?.
• Publisher Details: London : Bloomsbury Professional
• Publication Date: 2021
• Extent: 1 online resource
• Subjects: 343.4104; Taxation -- Law and legislation -- Great Britain; Tax administration and procedure -- Great Britain; Disclosure of information -- Law and legislation -- Great Britain
• Languages: English
• ISBNs: 9781526516527; 9781526516534
• Related ISBNs: 9781526516510
• Notes: Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.