ARTICLE · 19 AUGUST 2015

Weekly Tax Update - August 17, 2015

Smith & Williamson

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The OECD has published a handbook on implementing automatic information exchange on common reporting standards

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1 GENERAL NEWS

1.1 Guidance on implementing automatic information exchange on CRS

The OECD has published a handbook on implementing automatic information exchange on common reporting standards (CRS). It specifies which of the CRS´s options are granted under the EU Directive and identifies areas for alignment with FATCA. The guidance is not legally binding but could contribute to a more uniform application of the CRS if implemented consistently.

HMRC's update of its guidance on FATCA and CRS is awaited.

www.oecd.org/ctp/exchange-of-tax-information/implementation-handbook-standard-for-automatic-exchange-of-financial-information-in-tax-matters.pdf

2 PRIVATE CLIENT

2.1 Ingenious Media Holdings leave to appeal

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