IEIM402340 - Reportable Information: Reportable Jurisdictions

Reportable Information: Reportable Jurisdictions

The following territories are the Reportable Jurisdictions for each of the regimes.

FATCA

United States of America.

CRS

The following are Reportable Jurisdictions for the 2021 reporting year, in respect of 2020 reportable accounts:

Albania, Andorra, Antigua and Barbuda, Argentina, Aruba, Australia, Austria,  Azerbaijan, Barbados, Belgium, Belize, Brazil, Brunei Darussalam, Bulgaria, Canada, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Ecuador, Estonia, Faroe Islands, Finland, France, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guernsey, Hong Kong (China), Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Kazakhstan, Korea, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macao (China), Malaysia, Malta, Mauritius, Mexico, Monaco, Montserrat, Netherlands, New Zealand, Nigeria, Niue, Norway, Pakistan, Panama, Peru, Poland, Portugal, Romania, Samoa, San Marino, Saudi Arabia, Seychelles, Singapore, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey, Uruguay, Vanuatu.

Note that of the jurisdictions that have been added to the list of Reportable Jurisdictions for the 2021 reporting year, Albania completed both ratification of the Convention on Mutual Administrative Assistance in Tax Matters (MAC) and signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) before 20 April 2020. Peru completed both ratification of the MAC and signing of the MCAA before 19 April 2021. Regarding Taiwan, a bilateral arrangement between the British Office, Taipei and the Taipei Representative Office in the UK was entered into in March 2021.  Arrangements have also been entered into with Oman, but Oman is not yet a Reportable Jurisdiction.

The following are Reportable Jurisdictions for the 2022 reporting year, in respect of 2021 reportable accounts:

Albania, Andorra, Antigua and Barbuda, Argentina, Aruba, Australia, Austria, Azerbaijan, Barbados, Belgium, Belize, Brazil, Brunei Darussalam, Bulgaria, Canada, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Ecuador, Estonia, Faroe Islands, Finland, France, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guernsey, Hong Kong (China), Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Kazakhstan, Kenya, Korea, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macao (China), Malaysia, Maldives, Malta, Mauritius, Mexico, Monaco, Montserrat, Morocco, Netherlands, New Zealand, Nigeria, Niue, Norway, Pakistan, Panama, Peru, Poland, Portugal, Samoa, San Marino, Saudi Arabia, Seychelles, Singapore, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey, Uruguay, Vanuatu.

Note that of the jurisdictions that have been added to the list of Reportable Jurisdictions for the 2022 reporting year, Jamaica, Kenya and Maldives completed both ratification of the Convention on Mutual Administrative Assistance in Tax Matters (MAC) and signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) before 20 April 2022. Morocco completed both ratification of the MAC and signing of the MCAA before 19 April 2021. Arrangements have also been entered into with Moldova and Uganda, but these are not yet Reportable Jurisdictions. Whilst Kuwait and Romania are not Reportable Jurisdictions for the 2022 reporting year, arrangements with these jurisdictions remain in place.

The following are Reportable Jurisdictions for the 2023 reporting year, in respect of 2022 reportable accounts:

Albania, Andorra, Antigua and Barbuda, Argentina, Aruba, Australia, Austria, Azerbaijan, Barbados, Belgium, Belize, Brazil, Brunei Darussalam, Bulgaria, Canada, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Ecuador, Estonia, Faroe Islands, Finland, France, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guernsey, Hong Kong (China), Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Kazakhstan,  Korea, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macao (China), Malaysia, Maldives, Malta, Mauritius, Mexico, Monaco, Montenegro, Montserrat, Netherlands, New Zealand, Nigeria, Niue, Norway, Pakistan, Panama, Peru, Poland, Portugal, Samoa, San Marino, Saudi Arabia, Seychelles, Singapore, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Uruguay, Vanuatu.

Note that the jurisdictions that have been added to the list of Reportable Jurisdictions for the 2023 reporting year, Montenegro and Thailand, completed both ratification of the Convention on Mutual Administrative Assistance in Tax Matters (MAC) and signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) before 19 April 2023. Whilst Kenya, Moldova and Uganda are not Reportable Jurisdictions for the 2022 reporting year, arrangements with these jurisdictions remain in place.

The following are Reportable Jurisdictions for the 2024 reporting year, in respect of 2023 reportable accounts:

Albania, Andorra, Antigua and Barbuda, Argentina, Aruba, Australia, Austria, Azerbaijan, Barbados, Belgium, Belize, Brazil, Brunei Darussalam, Bulgaria, Canada, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Ecuador, Estonia, Faroe Islands, Finland, France, Germany, Ghana, Gibraltar, Georgia, Greece, Greenland, Grenada, Guernsey, Hong Kong (China), Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Kazakhstan, Kenya, Korea, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macao (China), Malaysia, Maldives, Malta, Mauritius, Mexico, Moldova, Monaco, Montenegro, Montserrat, Netherlands, New Zealand, Nigeria, Niue, Norway, Pakistan, Panama, Peru, Poland, Portugal, Samoa, San Marino, Saudi Arabia, Seychelles, Singapore, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, Uruguay, Vanuatu.

Update April 2024

HM Treasury has made the International Tax Compliance (Amendment) Regulations 2024, which will come into force on 14 May 2024 and which are published at https://www.legislation.gov.uk/uksi/2024/544/made.  These Regulations insert a new regulation 1(3)(b) into the International Tax Regulations 2015 (“the principal regulations”). This amendment enables HMRC to publish a notice specifying the arrangements for the exchange of financial account information with other jurisdictions to which the principal regulations apply.

HMRC has published a notice under regulation 1(3)(b) of the principal regulations, at Notice made under regulation 1(3)(b) of the International Tax Compliance Regulations 2015 - GOV.UK (www.gov.uk). The notice, which will have effect from 14 May 2024, specifies that the arrangements entered into by the United Kingdom with other territories for the exchange of tax information for the purposes of the adoption and implementation of the CRS are those entered into as at 17 April 2024.

The list of jurisdictions whose tax residents Financial Institutions must report on by 31 May 2024 under the Common Reporting Standard is unchanged from the last update in January 2024. The changes since the 2023 reporting year are that Georgia, Kenya, Moldova and Ukraine have been added to the list.

Note that, of the jurisdictions that have been added to the list of Reportable Jurisdictions for the 2024 reporting year, Georgia and Ukraine completed both ratification of the Convention on Mutual Administrative Assistance in Tax Matters (MAC) and signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA) before 17 April 2024.