18 May 2021
Filing Guidelines for Foreign Account Tax Compliance Act (FATCA)
Tax and Duty Manual Part 38-03-25 - Filing Guidelines for Foreign Account Tax Compliance Act (FATCA) - has been amended as follows:
- Section 7.6 has been updated with guidance on the reporting of financial accounts that have no US Taxpayer Identification Number (TIN) for reporting periods from 2020 onwards.
- Section 7.12 has been added to give guidance on the correcting, voiding or amending of a FATCA XML filing. Links to sample XML files have been included.
- Section 7.13 has been added to give guidance on reporting for a passive Non-Financial Foreign Entity (NFFE) that is not a US Entity.