The Organisation for Economic Co-operation and Development (OECD) had set up the Multilateral Competent Authority Agreement (MCAA). The objective of the MCAA is to create a framework for the systematic and periodic transmission of taxpayer information by the source country to the country of residence of the taxpayer under the Common Reporting Standard framework
Where two signatories both specify the other in their list of intended exchange partners then the MCAA will come into effect between those two signatories. Rules of procedure will be developed to determine the sequencing of notifications as well as any subsequent changes to the notification procedure.
Such bilateral exchange relationships are being put in place for the automatic exchange of Common Reporting Standard (CRS) information. The relationships shown below include those under the framework of Article 6 of the Multilateral Convention and the CRS MCAA, as well as exchange relationships based on bilateral agreements and the EU framework.
As of December 2016, and with under a year to go until the first exchange date on 30 September 2017, there are now already over 1300 bilateral exchange relationships activated with respect to jurisdictions committed to a 2017 timeline.
We are listing below the bilateral exchange relationships for automatic exchange of information signed by United Kingdom as at January 2017. UK will exchange information in 2017 in relation to 2016.
Please click here in order to see an updated list on OECD website.
|From Jurisdiction||To Jurisdiction||Legal Instrument|
|United Kingdom||Andorra||EU Agreement|
|United Kingdom||Argentina||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Austria||EU Directive 2014/107/UE|
|United Kingdom||Belgium||EU Directive 2014/107/UE|
|United Kingdom||Bonaire, Saint Eustatius and Saba||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Bulgaria||EU Directive 2014/107/UE|
|United Kingdom||Colombia||CRS MCAA – Activated on 22 December 2016|
|United Kingdom||Croatia||EU Directive 2014/107/UE|
|United Kingdom||Cyprus||EU Directive 2014/107/UE|
|United Kingdom||Czech Republic||EU Directive 2014/107/UE|
|United Kingdom||Denmark||EU Directive 2014/107/UE|
|United Kingdom||Estonia||EU Directive 2014/107/UE|
|United Kingdom||Faroe Islands||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Finland||EU Directive 2014/107/UE|
|United Kingdom||France||EU Directive 2014/107/UE|
|United Kingdom||Germany||EU Directive 2014/107/UE|
|United Kingdom||Gibraltar||UK – CDOT Agreement|
|United Kingdom||Greece||EU Directive 2014/107/UE|
|United Kingdom||Guernsey||UK – CDOT Agreement|
|United Kingdom||Hungary||EU Directive 2014/107/UE|
|United Kingdom||Iceland||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||India||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Ireland||EU Directive 2014/107/UE|
|United Kingdom||Isle of Man||UK – CDOT Agreement|
|United Kingdom||Italy||EU Directive 2014/107/UE|
|United Kingdom||Jersey||UK – CDOT Agreement|
|United Kingdom||Korea||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Latvia||EU Directive 2014/107/UE|
|United Kingdom||Liechtenstein||EU Agreement|
|United Kingdom||Lithuania||EU Directive 2014/107/UE|
|United Kingdom||Luxembourg||EU Directive 2014/107/UE|
|United Kingdom||Malta||EU Directive 2014/107/UE|
|United Kingdom||Mexico||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Monaco||EU Agreement|
|United Kingdom||Netherlands||EU Directive 2014/107/UE|
|United Kingdom||Norway||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Poland||EU Directive 2014/107/UE|
|United Kingdom||Portugal||EU Directive 2014/107/UE|
|United Kingdom||Romania||EU Directive 2014/107/UE|
|United Kingdom||San Marino||EU Agreement|
|United Kingdom||Seychelles||CRS MCAA – Effective for taxable periods starting on or after 01 January 2016 – Activated on 20 October 2016|
|United Kingdom||Slovak Republic||EU Directive 2014/107/UE|
|United Kingdom||Slovenia||EU Directive 2014/107/UE|
|United Kingdom||South Africa||CRS MCAA – Activated on 20 October 2016|
|United Kingdom||Spain||EU Directive 2014/107/UE|
|United Kingdom||Sweden||EU Directive 2014/107/UE|
|United Kingdom||Switzerland||EU Agreement|
This post was originally written for Portman International Ltd, a one-stop-shop for all corporate, personal, tax, residence, citizenship & property requirements in Malta.
David Marinelli is a Chartered Certified Accountant by profession and has been the owner and CEO of Portman International for the past 25 years. He advises a wide range of international clients on cross border taxation, international structures and asset protection. More recently David has added payment services and real estate advisory to his activities.