IEIM402182 - Reportable Information: Validity of self-certification
For reporting for the calendar year 2026 onwards, Reporting Financial Institutions must report, for each Reportable Account Holder and for each Reportable Controlling Person, whether a valid self-certification has been provided.
Only one of the values “true”, “false” or “not reported”, can be reported in relation to each Account Holder or Controlling Person respectively. Therefore, where an Account Holder or Controlling Person has more than one jurisdiction of tax residence, the same value will be reportable to each jurisdiction.
The value “not reported” is a transitional measure and only to be used for reporting additional or amended information in returns relating to calendar years prior to 2026.
If a valid self-certification is not held, either because a valid self-certification has never been obtained, or because a previously valid self-certification has become unreliable due to a change in circumstances (see IEIM403180), then the account should be reported as “false” in the “SelfCert” element of the XML schema.
For further information on what constitutes a valid self-certification, see IEIM403140.
Where a self-certification has been obtained for a New Account, it must contain a TIN for each reportable jurisdiction that issues a TIN (see IEIM402040) in order to be valid.
Where a self-certification is obtained in order to cure indicia for a Preexisting Account, the self-certification may be relied on even if it does not contain a TIN provided that the Financial Institution has requested the TIN and continues to use reasonable efforts to obtain the TIN, including whenever AML/KYC information is updated.