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HMRC International Exchange of Information Manual

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HMRC has published the first tranche of its International Exchange of Information Manual. See

The only part available for the time being is section IEIM400000, covering automatic exchange of information. The remainder of the manual is ‘work in progress’.

The introduction confirms that: ‘The Common Reporting Standard (CRS) is imposed in Europe via the European Directive on Administrative Cooperation (DAC); as a result, it is DAC which governs the obligations imposed on reporting financial institutions in the UK. The UK guidance on CRS cannot extend or restrict the scope of CRS as implemented by the DAC, as to do so would go beyond what HMRC is permitted to do.’

Issue: 1308
Categories: News