HMRC info on transparency reporting

NOTE: This is quite technical stuff, and most charities do not need to worry about it.

HM Revenue and Customs has produced guidance on additional reporting requirements for charities under the international Automatic Exchange of Information Common Reporting Standard. It came out in June, but a Bates Wells Braithwaite mention of further relevant material in the HMRC internal manual reminded us.

HMRC guidance for charities.

HMRC internal manual, International Exchange of Information.

The earlier VoluntaryNews item (from May 2016) points out that it is “probably grant making charities that will most likely to be caught as financial institutions”.