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HMRC internal manual

International Exchange of Information Manual

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HM Revenue & Customs
Updated
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Timetable: CDOT reporting

CDOT Reporting

The table below sets out the information that is to be reported to HMRC for each reporting year in respect of the Intergovernmental Agreements between the UK and the Crown Dependencies and Overseas Territories. Reporting is required to HMRC by 31 May next following the reporting year for which the information is required except for 2014 which is reportable on or before 31 May 2016.

Reporting year to 31 December 2014

In respect of each specified CDOT person either:

Holding a Reportable Account, or

As a Controlling Person of an entity account.

Information to be reported:

  • Name
  • Address
  • Date of Birth (for an individual) (Note: Date of birth is not required to be reported for pre-existing accounts for calendar years before 2017 if the Financial Institution does not already hold that information, and for new accounts it is not mandatory to be reported, but the Financial Institution must make reasonable efforts to obtain.)
  • Social Security Number or National Insurance Number as specified in the relevant IGA. (Note: Social security number is not required to be reported for pre-existing accounts for calendar years before 2017 if the Financial Institution does not already hold that information.)
  • 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:

Depository 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

Note: As the CDOT jurisdictions are committed to exchange under the CRS from 2017 onwards the transitional arrangements are expected to ensure that all reporting will be under the CRS for exchanges in 2018 onwards.

  • All of the above.