109 countries have now either exchanged or committed to exchange
financial information in accordance with the Common Reporting
Standard (CRS). The early adopters of the CRS agreed to exchange
information for the calendar year 2016 by September 2017 and the
later adopters who agreed to exchange information for 2017 will
have done so in September 2018.
Following this extensive exchange of information between
countries, HMRC have had a programme of issuing what are known as
nudge letters. These ask people to either confirm that they are
compliant in reporting their overseas income and gains, or commit
to bringing their affairs up to date through the Worldwide
Disclosure Facility (WDF).
