With effect from January this year the UK along with over 50 other countries adopted the Economic Co-operation and Development (OECD) Common Reporting Standard. Another 50 or so countries are planning to adopt the standard in 2017. Account details will be sent to the customer’s domestic tax authority. If this is of concern, or if you would like to discuss any aspect of your tax affairs, contact Alan Ford or your usual Beavis Morgan Partner.
