TAXguide

TAXguide 12/17: CRS - notifying clients

An explanation of the legal requirement for financial institutions and professionals to write to clients to whom they have given advice on offshore matters. The guide outlines the rules, suggests how you might comply and provides a draft client letter. Tax Faculty members can download the full guide.

Practical guidance

FATCA - what you need to know Q&A

Helpsheets and support
26 Sep 2014
PDF (56kb)

Download a PDF copy of the Q&A that accompanied a webinar discussing the Foreign Account Tax Compliance Act (FATCA).

FATCA: STEP guidance

Helpsheets and support
15 Sep 2014
PDF (342kb)

The Model 1 Intergovernmental Agreement (IGA) is a standard template that facilitates FATCA reporting.

FATCA: STEP flowchart

Helpsheets and support
01 Sep 2014
PDF (146kb)

Flowchart prepared by the Society of Trust and Estate Practitioners to illustrate trusts under a model 1 intergovernmental agreement (IGA): Jurisdiction X.

HMRC FATCA guidance

Helpsheets and support
24 Aug 2014
PDF (1,044kb)

HMRC guidance notes on implementation of the International Tax Compliance (United States of America) Regulations 2014. These guidance notes supersede the 28 February 2014 version. Further amendments and additions to this guidance will be required as a result of the changes to the US Regulations.

FATCA: IGA flowchart

Helpsheets and support
01 Aug 2014
PDF (197kb)

Flowchart covering UK trusts under the UK/USA Intergovernmental Agreement (IGA).

FATCA - Guidance to members

Helpsheets and support
01 May 2014
PDF (391kb)

This paper summarises the key aspects of the FATCA and alerts members of professional firms to the action needed to ensure that your firm, its partners and its associated entities are properly meeting their obligations under the rules and that you are able to discuss them with your clients.

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.

Exclusive An overview of FATCA and CRS

eBook chapter
2021
John Hiddleston, Azets
Automatic Exchange of Information Handbook

A chapter giving an overview of the US Foreign Account Tax Compliance Act ('FATCA') and the OECD Common Reporting Standard ('CRS'), in this practical guide to the automatic exchange of information rules legislation within the UK.

Exclusive Making a report under the UK's FATCA/CRS regulations

eBook chapter
2021
John Hiddleston, Azets
Automatic Exchange of Information Handbook

A chapter giving practical guidance on how to report under the UK's FATCA and CRS regulations.

Exclusive Automatic exchange of information handbook

eBook
2021
John Hiddleston, Azets
Automatic Exchange of Information Handbook

A practical guide to the automatic exchange of information rules legislation within the UK, covering the requirements of the OECD Common Reporting Standard (CRS) and the US Foreign Account Tax Compliance Act (FATCA).

Exclusive US FATCA

eBook chapter
2016
Robert Williams
Guide to US-UK Private Wealth Tax Planning

A chapter on the US FATCA in this tax planning manual for those advising high net worth individuals from the UK or US.

Exclusive Appendix VI: FATCA, IGAs, and the OECD CRS: The Future Landscape for Trusts

eBook chapter
2015
Tax Analysts
Guide to US-UK Private Wealth Tax Planning

Appendix on the US FATCA, Intergovernmental Agreements (IGAs) and the OECD global standards in this tax planning manual for those advising high net worth individuals from the UK or US.

Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

Articles and books in the ICAEW Library collection

The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on FATCA and CRS. A selection of books on this topic is set out below.

A practitioner's guide to international automatic tax information exchange regimes: DAC6, TIEAs, MDR, CRS, and FATCA

Library book
2021
H. Brown, G. Jackson
Spiramus

This book serves as a practical guide to the various automatic exchange of information regimes which have been introduced in recent years, including the OECD common reporting standards DAC6 and MDR.

Automatic exchange of information handbook

Library book
2021
J. Hiddleston
Bloomsbury Professional

This title takes an in-depth look at the automatic exchange of information rules and legislation applicable within the UK. It covers the requirements of the OECD Common Reporting Standard (CRS), the US Foreign Account Tax Compliance Act (FATCA), and the EU's DAC 6 rules.

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

External resources

Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.

Foreign Account Tax Compliance Act: Intergovernmental Agreements

Website
US Department of the Treasury

List of Intergovernmental Agreements (IGA) by jurisdiction, alongside current status and effective dates. The list includes PDFs of IGA, related agreements, arrangements, corrections and understandings.

IRS: Foreign Account Tax Compliance Act

Website
IRS

Official US guidance on FATCA for individuals and institutions, including a list of approved foreign institutions that have a Global Intermediary Identification Number (GIIN).

Common Reporting Standard

Website
Pinsent Masons

Comprehensive topic guide on the CRS regime, background and aims, its relationship to FATCA, the status of the Alternative Reporting Regime for UK Resident Non-Domiciles, and enforcement.

Automatic Exchange of Information on GOV.UK

Website
HMRC

Guidance and papers on Automatic Exchange of Information agreements are made between the UK and other countries, including the HMRC internal International Exchange of Information Manual.

Automatic Exchange Portal

Website
OECD

A comprehensive overview of OECD's work on Automatic Exchange of Information (AEOI) with guidance on the Common Reporting Standard and resources for CRS implementation, including the CRS Implementation Handbook.

CRS-related Frequently Asked Questions

Website
OECD

Regularly updated set of FAQs on the application of the Common Reporting Standard. Answers cover general reporting requirements, due diligence requirements and definitions.

Standard for Automatic Exchange of Financial Account Information in Tax Matters

Website
OECD

Second edition of the Common Reporting Standard setting out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, and common due diligence procedures to be followed by financial institutions.

Further support

TAXconnect

Listing
06 Mar 2015

Search for a consultant to help you with a specific technical tax problem. TAXconnect works on a telephone ‘hotline’ system, whereby consultants offer advice to fellow Tax Faculty members and Faculties Online subscribers on tax problems for a nominal fee.

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