Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

December 7, 2021
2021-6337

Thursday, 20 January 2022 | The coming storm the increased scrutiny and challenge on AEOI reporting (2 pm GMT)

EY is pleased to invite you to our upcoming webcast, “The coming storm — the increased scrutiny and challenge on AEOI reporting,” on Thursday, 20 January 2022 at 14:00 GMT (15:00 CET).

Recent months have shown that tax authorities are taking an increasing interest in the quality of Automatic Exchange of Information (AEOI) returns — from increased audit activity to taxpayer identification number (TIN) requests, a number of tax authorities have been actively increasing their reviews of returns. That is combined with targeted interventions being introduced – reporting of new accounts without self-certifications, compliance checklists and even external audits.

The increase in compliance activity can result in additional costs for financial institutions, and the risk of penalties and remediation plans where standards fall short.

Join our diverse panel of EY EMEIA tax professionals to hear more about the developments, expectations coming from the OECD peer review, and future compliance and key actions that can be taken now to test your compliance in advance of the 2022 reporting season.

This webcast is likely to be of interest to those responsible for compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) across banks, assets managers and other financial institutions, as well as those organizations that the OECD have indicated are likely to be brought in scope of AEOI rules in the future – digital platforms, cryptocurrency and e-money.

If you would like to submit any questions in advance of the session, please contact fsoemeiataxevents@uk.ey.com.

Date: Thursday, 20 January 2022

Time: 14:00-15:00 GMT; 15:00-16:00 CET; 9:00-10:00 EST; 6:00-7:00 PST

Registration: Register for this event.

Learn about and register for Thought Center webcasts

You can learn about and register for any Thought Center webcast here.

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2023, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct