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UK: Updated financial accounts for CRS reporting

UK: Updated financial accounts for CRS reporting

HM Revenue & Customs (HMRC) updated the guidelines for international exchange of information to reflect that four types of financial accounts will be considered as reportable accounts for common reporting standard (CRS) purposes, effective from 13 May 2020.


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The four types of financial accounts are:

  • Non-registered pension arrangements when the annual contributions are limited to £50,000 and the funds contributed cannot be accessed before the age of 55 years (except in circumstances of serious ill health)
  • Premium bonds issued by UK National Savings and Investments
  • Fixed interest savings certificates issued by UK National Savings and Investments
  • Index linked savings certificates issued by UK National Savings and Investments

Read a May 2020 report [PDF 90 KB] prepared by the KPMG member firm in the UK

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