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On March 22, 2022, the Organization for Economic Cooperation and Development ("OECD") issued proposed rules for the collection and exchange of information on transactions involving crypto-assets...
Guidance for HMRC staff involved with cross-border exchange of information under the UK's international exchange agreements.
Guidance for HMRC staff involved with cross-border exchange of information under the UK's international exchange agreements.
IEIM402680 - Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Residence Address Test You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Residence Address Test CRS The due diligence procedures are for the purpose of identifying whether or not an Account Holder is a Reportable Person [see IEIM403440]. If an Account Holder is identified as a Reportable Person the Financial Institution will then have to collate Reportabl...
IEIM400980 - Non-Reporting Financial Institutions: Collective Investment Vehicles You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. NRFI: Collective Investment Vehicles Certain Collective Investment Vehicles (CIV) are Non-Reporting Financial Institutions (NRFI) but the definitions vary between the regimes. It will be necessary for entities that are CIV, and that are Investment Entities [see IEIM400760], to consider each of the definitions separately to determine if they are NRFI for one or both of the regim...