Weekly Global Update: February 6 – February 12, 2016

Sovos
February 12, 2016

Over this past week, there weren’t any new global updates to FATCA regulations. However, there is always information to stay well-versed on. For this week’s update, check out the chart below about UK CDOT reporting:

UK CDOT

Jurisdiction Due Date Guidance eFile Format Nil Reporting
Anguilla TBD Not yet available
Bermuda 9-30-2016 Currently, no formal Guide; however see,Statement from Ministry of Finance Treaty Unit, 1-15-2016 FATCA UK Submission Schema_v1.4
British Virgin Islands 5-31-2016 Guidance Notes_v2.0, 3-20-2015 IRS 5124 No
Cayman Islands 5-31-2016 Guidance Notes_v2.1, 7-1-2015 IRS 5124 Optional
Gibraltar 9-15-2016 Not yet available
Guernsey 6-30-2016 DRAFT – Guidance Notes, 4-30-2015 IRS 5124 Yes, if FI is registered
Isle of Man 6-30-2016 Guidance Notes, 12-15-2014 IRS 5124 No
Jersey 6-30-2016 DRAFT – Guidance Notes, 9-9-2015 IRS 5124 No
Montserrat TBD Not yet available
Turks and Caicos 5-31-2016 Guidance Notes, 11-2015 IRS 5124 No
United Kingdom 5-31-2016 Guidance Notes, 9-14-2015 FATCA UK Submission Schema_v1.4 Yes

Don’t forget to sign up for the Sovos blog and our monthly newsletter to get other helpful graphics and charts, important updates as well as other important information concerning FATCA, CDOT, and CRS.

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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