UK CRS 2.0 Updates

On November 6 & 7, 2025, the United Kingdom HMRC announced updates to the International Exchange of Information Manual due to: CRS 2.0, updates to registration and reporting, updates to FATF, changes in AEOI schema. The following sections were updated:

• Investment Entity: Trusts

• Timetable: CRS Reporting

• Financial Institution: Electronic Money Institutions

• Custodial Institution: Introduction

• Investment Entity: Charities

• Investment Entity: Examples

• Investment Entity: Introduction

• Non-Reporting Financial Institutions: Trustee Documented Trust

• Non-Reporting Financial Institutions: Qualified Credit Card Issuers

• Non-Reporting Financial Institutions: International Organisations

• Non-Reporting Financial Institutions: Government Entity

• Non-Reporting Financial Institutions: Introduction

• Financial Accounts: Depository Account

• Financial Accounts: Excluded Accounts: Qualifying Credit Cards with Unreturned Overpayments

• Reportable Information: Reasonable Efforts to Obtain

• Reportable Information: Place and Date of Birth

• Reportable Information: Tax Identification Number CRS

• Reportable Information: Reportable Account Holders: Residence

• Reportable Information: Reportable Account Holders

• Reportable Information: Custodial Account: Gross Proceeds

• Due Diligence: General Requirements: Date for Determining the Balance or Value for Thresholds

• Due Diligence: General Requirements: Reporting Thresholds

• Due Diligence: New Individual Accounts: Self Certifications: Incorrect or Unreliable

• Due Diligence: Pre-Existing Entity Accounts: Thresholds

• Due Diligence: Pre-Existing Entity Accounts: Reportable Accounts: Controlling Persons

• Due Diligence: Pre-Existing Entity Accounts: Reportable Accounts: Available Information

• Due Diligence: New Entity Accounts: Passive NFE, Controlling Persons

• Due Diligence: New Entity Accounts: Jurisdiction of Residence

• Due Diligence: New Entity Accounts: Reportable Person

• Due Diligence: Special Due Diligence Rules: Reliance on Self-Certification

• Passive Income

• Charities: Compliance

• Charities: Financial Institution: Examples

• Charities: Financial Institution

• Charities: Introduction

• Reporting Format

• Financial Accounts: Contents

• Financial Institution: Depository Institution

• Financial Accounts: Custodial Account

• Reportable Information: Custodial Account

• Reportable Information: Introduction

• Due Diligence: New Individual Accounts: Introduction

Links to the above changes can be found on the HMRC website.

For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.