Jurisdiction · United Kingdom
UK FATCA & CRS reporting, ready for HMRC.
UK financial institutions report FATCA and CRS data to HMRC under the UK’s automatic exchange of information framework. Novus turns your source data into HMRC-ready XML, validated before you upload it.
01Reporting requirements
United Kingdom at a glance.
UK financial institutions report FATCA and CRS data to HMRC under the UK’s automatic exchange of information (AEOI) framework, from one registration and one online service.
- Reporting authority
- HMRC (HM Revenue & Customs)
- Submission channel
- HMRC AEOI online service
- Registration
- Register with HMRC and obtain a reporting FI identifier before filing
- Filing deadline
- 31 May for the previous calendar year, for both FATCA and CRS
- FATCA model
- Model 1 IGA: UK FIs report to HMRC, which exchanges with the IRS
02United Kingdom specifics
Rules that are specific to the UK.
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01 / Rule
Notify reportable persons
Reporting FIs must notify individual reportable persons that their information will be reported to HMRC.
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02 / Rule
Onward exchange
Information may be transferred to the government of another territory under the relevant exchange agreement.
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03 / Rule
Nil returns
HMRC accepts nil returns.
CRS 2.0 in the UK
The UK has committed to adopting CRS 2.0 in line with the OECD framework. Plan the move to the CRS XML schema v3.0 ahead of HMRC’s published deadline.
03How Novus helps
From source data to a file ready to upload.
Novus prepares and validates the file. You upload it to HMRC’s AEOI service under your institution’s own registration.
- Generate HMRC-ready XML from your source data.
- Validate against UK and OECD schemas before you upload.
- File FATCA and CRS from one workflow.
- Validate TINs against UK and OECD country rules.
FAQ
United Kingdom FATCA & CRS questions
Something else? Ask our team
Which portal do UK FIs use for FATCA and CRS?
HMRC’s AEOI online service. FIs must first register with HMRC and obtain a reporting FI identifier.
What is the UK FATCA and CRS deadline?
31 May each year for both FATCA and CRS returns, covering the previous calendar year.
Does the UK use Model 1 or Model 2 FATCA?
The UK operates under a Model 1 IGA. UK FIs report to HMRC, which transmits the information to the IRS.
Does Novus submit to HMRC for me?
No. Novus generates and validates the XML; you upload it through HMRC’s AEOI service with your own credentials, so your institution remains the filer.
What happened to UK CDOT reporting?
Reporting for the Crown Dependencies and Overseas Territories (CDOT) was integrated into the UK’s CRS reporting framework in 2017.
Is the UK moving to CRS 2.0?
Yes. The UK has committed to CRS 2.0 in line with the OECD, which brings the CRS XML schema v3.0. Novus generates v3.0 XML.
Filing in United Kingdom? Validate before you upload.
See how Novus prepares United Kingdom FATCA and CRS files from your existing data, in a 20-minute demo.