TAX INFORMATION HUBS LIMITED

• 62090 - Other information technology service activities

Automatic Exchange of Information is an umbrella term used to describe different reporting regimes, all of which have the same underlying principles. The reporting regimes currently under the umbrella of AEoI are FATCA and CRS... Tax evasion via ‘offshore' accounts is a problem for governments around the world. Automatic Exchange of Information (AEoI) reporting seeks to address this by requiring Financial Institutions to report details of their overseas accounts holders annually to the tax authorities, usually in eXtensible Markup Language (XML) format... In most cases this is a reciprocal process so, continuing the example above, French banks will identify their UK resident account holders, filing a similar report to the French tax authorities who, in turn, will exchange this information with HMRC in the UK.

Also known as: AEOI Hub

Previous names: THE AEOI HUB LIMITED

Registration numbers: 12177391 (CH)

Primary location: London United Kingdom