10.00 – Tax residence

Under the UK’s International Tax Compliance Regulations (both FATCA and CD/OT) from the 30 June 2014, Financial Institutions will need to obtain a self-certification from many of their account holders of their tax residence.

Where the holder of a financial account (other than an exempt account) has been identified as a tax resident of a Reportable Jurisdiction (the USA, the Isle of Man, Guernsey, Jersey or Gibraltar), then the Financial Institution must report that account to HMRC.

Financial Institutions are usually not able to give tax advice, and this will include advice on where an account holder is tax resident.