The Common Reporting Standard (CRS) is a new initiative designed to increase tax transparency. Though primarily aimed at financial institutions such as banks, it has ramifications for many types of organisations.
The regulations imposed by CRS are onerous and complex. We have produced Comment On factsheets showing the impact CRS will have on:
Additional Common Reporting Standard resources
You can also see Euan Morrison, our Head of Charities, present a webinar about the implications for Charities from CRS. Euan has also published a piece on why charities need to think about CRS in Third Force News.