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HMRC internal manual

International Manual

International movements of capital: Exclusions from the reporting requirement

FA09/SCH 17/Para 9: exclusions from the reporting requirement

FA09/SCH 17/Para 9 sets out the circumstances in which otherwise reportable transactions are excluded from the reporting requirement. These cover transactions

  • Carried out in the ordinary course of a trade
  • Between residents in the same territory, or
  • The giving of any security by a foreign subsidiary to a financial institution.

HMRC is also empowered to add to these exclusions in regulations. This power has been exercised and the additions are described in the guidance beginning at INTM700710.