Automatic Exchange of Information agreements are made between the UK and other countries. These agreements allow the exchange of information between tax authorities of different countries about financial accounts and investments to help stop tax evasion.
UK companies, partnerships and trusts may have obligations under AEOI. For example, if more than 50% of the entities income comes from investments and it is managed wholly or partly by a financial institution there may be a requirement to submit an AEOI return.
If you would like advice or assistance, please contact David Buck or Sarah Gray on 01788 539000.