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HMRC internal manual

International Exchange of Information Manual

Reportable Information: Jurisdiction

Reportable Information: Jurisdiction

The UK regulations apply the wider approach that requires Financial Institutions to retain data on the jurisdiction of residence of Account Holders irrespective of whether or not that jurisdiction is a Reportable Jurisdiction [see IEIM402340].

Financial Institutions [see IEIM400600] must carry out the due diligence procedures required [see IEIM402500] and where a person is identified as a Reportable Person [see IEIM402010] include the jurisdiction of residence in the return of information to HMRC. Where a Reportable Person is identified as having more than one Reportable Jurisdiction of residence the Financial Institution is required to report all of the identified Reportable Jurisdictions to HMRC.

The jurisdictions of residence identified as a result of carrying out the due diligence procedures are without prejudice to any residence determination made by the Financial Institution for any other tax purpose.

Reportable Account data is to be sent to HMRC where the Account Holder is a Specified US Person, a specified CDOT person or otherwise a resident of a Reportable Jurisdiction [see IEIM402340].