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HMRC internal manual

International Exchange of Information Manual

Due Diligence: Pre-Existing Individual Accounts: Higher Value Accounts: Hold Mail or In-Care-Of Address Only

Due Diligence: Pre-Existing Individual Accounts: Higher Value Accounts: Hold Mail or In-Care-Of Address Only

If a hold mail instruction or in-care-of address is discovered in the enhanced review of High Value Accounts, and no other address or indicia of residence are identified for the Account Holder, the Financial Institution must request a self-certification or other documentary evidence from the Account Holder to establish the jurisdiction of tax residence of the Account Holder.

If the Financial Institution cannot obtain a self-certification or documentary evidence from the Account Holder the Financial Institution is required to treat the Account Holder as:

  • A US Reportable Person for FATCA,

 

  • A Reportable Person for all four territories under the reciprocal Crown Dependences and Overseas Territories agreements, and

 

  • An undocumented account [see IEIM403100] for CRS.