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FATCA and CRS

Guidance and information on the Foreign Account Tax Compliance Act (FATCA) and the Common Standard on Reporting and Due Diligence for Financial Account Information (CRS).

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Further support on tax.
TAXguide

TAXguide 12/17: CRS - notifying clients

An explanation of the legal requirement for financial institutions and professionals to write to clients to whom they have given advice on offshore matters. The guide outlines the rules, suggests how you might comply and provides a draft client letter. Tax Faculty members can download the full guide.
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Practical guidance

FATCA - what you need to know Q&A
  • Helpsheets and support
  • 26 Sep 2014
  • PDF (56kb)
Download a PDF copy of the Q&A that accompanied a webinar discussing the Foreign Account Tax Compliance Act (FATCA).
FATCA: STEP guidance
  • Helpsheets and support
  • 15 Sep 2014
  • PDF (342kb)
The Model 1 Intergovernmental Agreement (IGA) is a standard template that facilitates FATCA reporting.
FATCA: STEP flowchart
  • Helpsheets and support
  • 01 Sep 2014
  • PDF (146kb)
Flowchart prepared by the Society of Trust and Estate Practitioners to illustrate trusts under a model 1 intergovernmental agreement (IGA): Jurisdiction X.
HMRC FATCA guidance
  • Helpsheets and support
  • 24 Aug 2014
  • PDF (1,044kb)
HMRC guidance notes on implementation of the International Tax Compliance (United States of America) Regulations 2014. These guidance notes supersede the 28 February 2014 version. Further amendments and additions to this guidance will be required as a result of the changes to the US Regulations.
FATCA: IGA flowchart
  • Helpsheets and support
  • 01 Aug 2014
  • PDF (197kb)
Flowchart covering UK trusts under the UK/USA Intergovernmental Agreement (IGA).
FATCA - Guidance to members
  • Helpsheets and support
  • 01 May 2014
  • PDF (391kb)
This paper summarises the key aspects of the FATCA and alerts members of professional firms to the action needed to ensure that your firm, its partners and its associated entities are properly meeting their obligations under the rules and that you are able to discuss them with your clients.

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.

Exclusive Automatic exchange of information handbook
  • eBook
  • 2021
  • John Hiddleston, Azets
  • Automatic Exchange of Information Handbook
A practical guide to the automatic exchange of information rules legislation within the UK, covering the requirements of the OECD Common Reporting Standard (CRS) and the US Foreign Account Tax Compliance Act (FATCA).
Exclusive An overview of FATCA and CRS
  • eBook chapter
  • 2021
  • John Hiddleston, Azets
  • Automatic Exchange of Information Handbook
A chapter giving an overview of the US Foreign Account Tax Compliance Act ('FATCA') and the OECD Common Reporting Standard ('CRS'), in this practical guide to the automatic exchange of information rules legislation within the UK.
Exclusive Making a report under the UK's FATCA/CRS regulations
  • eBook chapter
  • 2021
  • John Hiddleston, Azets
  • Automatic Exchange of Information Handbook
A chapter giving practical guidance on how to report under the UK's FATCA and CRS regulations.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

eBooks

The Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Exclusive A practitioner's guide to international tax information exchange regimes
  • eBook
  • 2021
  • Grahame Jackson, Harriet Brown
  • Spiramus
The authors analyse the operation of the various automatic exchange of information regimes which have been introduced in the last five years, including the OECD common reporting standards DAC6 and MDR.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Articles and books in the ICAEW Library collection

The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on FATCA and CRS. A selection of books on this topic is set out below.
A practitioner's guide to international automatic tax information exchange regimes: DAC6, TIEAs, MDR, CRS, and FATCA
  • Library book
  • 2021
  • H. Brown, G. Jackson
  • Spiramus
This book serves as a practical guide to the various automatic exchange of information regimes which have been introduced in recent years, including the OECD common reporting standards DAC6 and MDR.
Automatic exchange of information handbook
  • Library book
  • 2021
  • J. Hiddleston
  • Bloomsbury Professional
This title takes an in-depth look at the automatic exchange of information rules and legislation applicable within the UK. It covers the requirements of the OECD Common Reporting Standard (CRS), the US Foreign Account Tax Compliance Act (FATCA), and the EU's DAC 6 rules.

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

External resources

Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
Foreign Account Tax Compliance Act: Intergovernmental Agreements
  • Website
  • US Department of the Treasury
List of Intergovernmental Agreements (IGA) by jurisdiction, alongside current status and effective dates. The list includes PDFs of IGA, related agreements, arrangements, corrections and understandings.
IRS: Foreign Account Tax Compliance Act
  • Website
  • IRS
Official US guidance on FATCA for individuals and institutions, including a list of approved foreign institutions that have a Global Intermediary Identification Number (GIIN).
Common Reporting Standard
  • Website
  • Pinsent Masons
Comprehensive topic guide on the CRS regime, background and aims, its relationship to FATCA, the status of the Alternative Reporting Regime for UK Resident Non-Domiciles, and enforcement.
Automatic Exchange of Information on GOV.UK
  • Website
  • HMRC
Guidance and papers on Automatic Exchange of Information agreements are made between the UK and other countries, including the HMRC internal International Exchange of Information Manual.
Automatic Exchange Portal
  • Website
  • OECD
A comprehensive overview of OECD's work on Automatic Exchange of Information (AEOI) with guidance on the Common Reporting Standard and resources for CRS implementation, including the CRS Implementation Handbook.
CRS-related Frequently Asked Questions
  • Website
  • OECD
Regularly updated set of FAQs on the application of the Common Reporting Standard. Answers cover general reporting requirements, due diligence requirements and definitions.
Standard for Automatic Exchange of Financial Account Information in Tax Matters
  • Website
  • OECD
Second edition of the Common Reporting Standard setting out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, and common due diligence procedures to be followed by financial institutions.

Further support

TAXconnect
  • Listing
  • 06 Mar 2015
Search for a consultant to help you with a specific technical tax problem. TAXconnect works on a telephone ‘hotline’ system, whereby consultants offer advice to fellow Tax Faculty members on tax problems for a nominal fee.
Tax Faculty
  • Hub page
  • 10 May 2018
Find out more about the Tax Faculty and upcoming events. Faculty members can access exclusive content, including TAXline, TAXguides, webinars, representations and support schemes.
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Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.