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HMRC internal manual

International Exchange of Information Manual

From
HM Revenue & Customs
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Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Power of Attorney

Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Power of Attorney

Where the indicia found is a current effective power of attorney or signatory authority granted to a person with an address in a Reportable Jurisdiction, the account must be reported unless the UK Financial Institution obtains or currently maintains a record of one of the following:

  • a self-certification showing that the Account Holder is not tax resident in the Reportable Jurisdiction; or

 

  • a form of acceptable documentary evidence which establishes the Account Holder’s residence other than in a Reportable Jurisdiction. [see IEIM402760]