Automatic Exchange of Information: introduction
Find out about Automatic Exchange of Information and what it means.
Overview
Automatic Exchange of Information agreements are made between the UK and other countries. These agreements allow the exchange of information between tax authorities of different countries to help stop tax avoidance and evasion. The information includes details about financial accounts and investments.
List of countries who have agreed to share financial account information.
Financial institutions, for example, banks, building societies, insurance companies or investment companies, will provide information on non-UK residents with financial accounts and investments in the UK to HMRC.
We will share this information with the relevant countries.
Information for financial institutions.
We will receive information from other countries about UK residents with financial accounts and investments overseas.
The UK has Automatic Exchange of Information agreements to exchange financial account information under 2 regimes.
United States Foreign Account Tax Compliance Act (FATCA)
The agreement between the UK and USA requires UK financial institutions to report to HMRC on US customers that hold accounts with them.
Common Reporting Standard
The Organisation for Economic Cooperation and Development (OECD) standard for automatic exchange of financial account information.
Further information and guidance
All references to Automatic Exchange of Information include United States Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard.
Details about all Automatic Exchange of Information agreements.
Last updated 31 December 2020 + show all updates
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This guidance has been updated because the Brexit transition period has ended.
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Automatic Exchange of Information Privacy Notice document has been added to the 'Further information and guidance' section.
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First published.