HMRC has updated the list of jurisdictions whose tax residents Financial Institutions must report on by 31 May 2018 under the Common Reporting Standard. The change removes Antigua and Barbuda, Brunei Darussalam, Grenada, Macao (China), Trinidad and Tobago and Vanuatu from the list for reporting to HMRC in May 2018, which means that reports sent by Financial Institutions should not include financial accounts held by tax residents of these jurisdictions.
However, as this change is so close to the reporting date, HMRC recognises that Financial Institutions may already have compiled their files and may be unable to remove such accounts in time to allow reporting by 31 May 2018. If not possible for reporting counterparts to remove data on Antigua and Barbuda, Brunei Darussalam, Grenada, Macao (China), Trinidad and Tobago and Vanuatu financial accounts, HMRC will remove any data in respect of such financial accounts prior to exchange with reportable jurisdictions.
The following are Reportable Jurisdictions for the 2017 reporting year, in respect of 2016 reportable accounts:
Austria, Argentina, Belgium, Bulgaria, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, India, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Montserrat, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Seychelles, Slovakia, Slovenia, South Africa, Spain, Sweden.
The following are Reportable Jurisdictions for the 2018 reporting year, in respect of 2017 reportable accounts:
Andorra, Argentina, Aruba, Australia, Austria, Azerbaijan, Barbados, Belgium, Belize, Brazil, Bulgaria, Canada, Chile, China, Colombia, Cook Islands, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Ghana, Gibraltar, Greece, Greenland, Guernsey, Hong Kong (China), Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Korea, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Mexico, Monaco, Montserrat, Netherlands, New Zealand, Niue, Norway, Pakistan, Panama, Poland, Portugal, Romania, Russia, Samoa, San Marino, Saudi Arabia, Seychelles, Singapore, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, Uruguay.
Update 15 May 2018
https://www.gov.uk/hmrc-internal-manuals/international-exchange-of-information/ieim402340