Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

International Exchange of Information Manual

From
HM Revenue & Customs
Updated
, see all updates

Timetable: FATCA reporting

FATCA Reporting

The table below sets out the information that is to be reported to HMRC for each reporting year in respect of the Intergovernmental Agreement between the UK and the USA. Reporting is required to HMRC by 31 May next following the reporting year for which the information is required.

Reporting year to 31 December 2014

 

In respect of each specified US person either:

holding a Reportable Account, or

as a Controlling Person of an entity account.

Information to be reported:

  • Name
  • Address
  • US Tax Identification Number (or Date of Birth for pre-existing accounts where the TIN is not in the records of the Reporting Financial Institution) (Note: If the Reporting Financial Institution does not hold details of either the TIN or date of birth in its records nothing needs to be reported for years up to and including 2016. For 2017 onwards the Financial Institution is required to obtain the TIN for each Specified US Person.).
  • Account number or functional equivalent.
  • Name and identifying number of Reporting Financial Institution.
  • Account balance or value.

 

Reporting year to 31 December 2015

 

As 2014 plus the items listed below.

In respect of:

Custodial Accounts

Information to be reported:

  • Total gross amount of interest.
  • Total gross amount of dividends.
  • Total gross amount of other income paid or credited to the account.

 

In respect of:

Despository Accounts

Information to be reported:

  • The total amount of gross interest paid or credited to the account in the calendar year or other reporting period.

 

In respect of:

Other Accounts

Information to be reported:

  • The total gross amount paid or credited to the account including the aggregate amount of redemption payments made to the Account Holder during the calendar year or other appropriate reporting period.

 

Reporting year to 31 December 2016

 

As 2015 plus the items listed below.

In respect of:

Custodial Accounts

Information to be reported:

  • The total gross proceeds from the sale or redemption of property paid or credited to the account.

 

2017 onwards

  • All of the above.