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Guernsey Revenue Service notifies FIs of FATCA and CRS correction requirements

Feb 21, 2019

(21st Feb 2019) The States of Guernsey Revenue Service issued Bulletin 2019/1 providing advance notification of a requirement for corrections where any record level errors have been detected by the US IRS in respect of FATCA reports and CRS Reportable Jurisdictions in respect of CRS reports for reporting to 31st December 2017, which was reported and transmitted onwards in 2018.

The bulletin advices FIs that official notices will be transmitted via IGOR.

Any Flyingboat Tax Data Exchange software or online users requiring support or assistance should contact us through the usual support channel. 

Fusion's FATCA & CRS correction service can be used by any organisation that needs assistance in the correction process.

Contact us for more information.