Reminder: 30 May deadline for CRS notifications | KPMG | QM
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Reminder: 30 May deadline for CRS notifications

Reminder: 30 May deadline for CRS notifications

Under the Guernsey CRS Regulations, any Guernsey Reporting Financial Institution which is to report an Individual Reportable Person, must notify them of the fact that the information is to be provided to the Director of Income Tax.


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KPMG Channel Islands Limited


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Tax, alert, 2017

The notification must be made no less than 30 days in advance of the reporting, hence 30 May 2017.

The notification may be made either in a direct communication to the Account Holder, such as a monthly or annual account statement, or by way of general communications such as updates to terms and conditions, and in either case may be made electronically or by paper communication. It may also be included in the self-certification or account opening documentation.

For the detail please see The Income Tax (Approved International Agreements) (Implementation) (Common Reporting Standard) Regulations, 2015.

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