© 2018 by Hansuke Consulting Limited

 

Hansuke Consulting Limited is registered in England and Wales number 10136213 with its registered office at: 71-75 Shelton Street, London WC2H 9JQ. Hansuke Consulting Limited is an accredited and regulated member firm of the Institute of Chartered Accountants in England and Wales (ICAEW).

 

In accordance with the disclosure requirements of the Provision of Services Regulations 2009, our professional indemnity insurer is International General Insurance Co (UK) Limited, of 133 Houndsditch London EC3A 7AH. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.

Contact us
+44 (0) 207 816 5488
Download the CRS Health Check Brochure here 
Common Reporting Standards

The Common Reporting Standard (“CRS”) went live in 54 countries from 1 January 2016 and is due to follow in a further 47 countries over the course of 2017.

 

CRS represents a major advance in the international fight against tax evasion, providing for the automatic exchange of detailed financial account information across over 100 jurisdictions.  It obliges all Financial Institutions (“FI”) in participating jurisdictions to:

  • Classify themselves;

  • Identify their financial accounts;

  • Identify reportable persons; and

  • Report financial account information on an annual basis.

Revenue authorities will then use this information as a basis for tax enquiries, meaning that the accuracy of the return is critical for an FI’s reputation with its customers.  As the return is submitted through the domestic tax authority, any issues will also affect the reputation of an FI with its domestic regulators.

Our experienced team can draw on the practical knowledge of over 50 AEoI implementation projects in the UK and overseas to help you develop governance around your ongoing compliance procedures and meet your due diligence and reporting obligations and be ready for a Revenue authority compliance review.

If you are interested in learning more about our market-leading CRS offering, our specialists will be pleased to arrange a complimentary, “no-obligation”, consultation.