Informal consultation: guidance notes for the automatic exchange of financial account information

This HMRC consultation gives information about the draft guidance notes for the Automatic Exchange of Financial Account Information.

This publication was withdrawn on


Guidance notes for the automatic exchange of financial account information

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The guidance covers the Common Reporting Standard (CRS) and the incorporation of the CRS into EU law by the European Union Directive on Administrative Cooperation (2011/16/EU, as amended by 2014/107/EU). Once finalised is intended to incorporate amended and updated versions of the existing guidance on FATCA and the CDOT arrangements. The guidance is directed at HM Revenue and Customs (HMRC) staff, but will be publicly available and is intended to be of use to financial institutions and their agents. This draft has been developed in close working with UK financial institutions and representative bodies as well as tax advisors.

There is already extensive external guidance available in the Commentary to the CRS on how the UK will implement the OECD Common Reporting Standard under the Directive.

This guidance does not replace or override the CRS Commentary, but brings together the key concepts and provides additional guidance for UK-specific issues, including where there are differences between the CRS, FATCA, and CDOT rules. Where stakeholders have identified critical issues they cannot find the answer to in the Commentary these have been addressed, but we are keen to hear about any other issues that should be included.

The UK legislation this guidance deals with is in The International Tax Compliance Regulations 2015 (SI 2015/878).

Ways to respond


Write to:

Mr Chris Orchard
HM Revenue and Customs
3C01, 3rd Floor
100 Parliament Street
London SW1A 2BQ

Published 17 September 2015