Foreign account reporting
The UK Government has signed agreements with other countries to help them counter tax evasion.
The purpose of these agreements is to prevent account holders from using foreign banks and other financial institutions to avoid paying tax on their income and assets.
Under these agreements Flying Colours must collect information about our customers’ tax residency and share them with the tax authorities.
If your Flying Colours adviser has asked you to complete a self-certification form you can download it here.
You can find more information here: https://www.gov.uk/government/collections/automatic-exchange-of-information-agreements
Lastly, if you have any questions, please call your Flying Colours adviser who will be happy to help.