FATCA / CRS Practical Workshop for Trust Companies

Course Summary

This workshop will look at the practical aspects of classifying entities typically found within the trust industry. Candidates will be asked to bring in an example structure chart to be used as a practical example in the class to discuss appropriate classifications for the entities, as well as the reporting obligation of the trustee for the various connected parties.

Introduction

The purpose of this workshop is to have the opportunity to apply FATCA / CRS rules to a range of Trust structure scenarios and improve your understanding of how FATCA / CRS works and is applied in real time, including a practical discuss on the reporting obligations for trustees of live scenarios.

Topics

During this workshop it would be good if delegates can bring an example structure chart to support group discussion and aid development of knowledge. The following areas will be covered during this practical workshop:

  • Classification of entities, including pensions (EBTs / RATS / EFRBS etc.)
  • Reporting obligations of trustees for trusts with and without Protectors, including amount to be reported(differentiating between FATCA and CRS)
  • Reporting obligations for stand-alone companies with varying classifications and ownership structures
  • Reporting obligation for council members of foundations
  • Identifying when and what figures are to be declared within reports
  • Communication with clients with respect to what information is being reported and the industry view on when / how this is done

For relevancy we would like to use real scenarios. But please ensure that all scenarios are anonymous (and that any identifying or unrelated confidential information is removed) – otherwise the scenario will not be able to be used for the purposes of this training.

Please note that discussions and answers identified during the training are not and should not be deemed as tax advice.

Course Benefits

Delegates will leave this workshop with an increased understanding of how to apply FATCA in a range of situations.

Tutor Profile

Tutor Profile – Cristian Anton

Cristian is a Tax Manager based in EY Guernsey and specialises in corporate and international tax matters. In recent years Cristian has focused on tax information reporting, specifically the US Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

Cristian is part of EY’s customer reporting team, led by Wendy Martin, EY partner and Channel Islands head of tax, providing advice to clients in relation to the development and implementation of their FATCA and CRS programmes.

Cristian has over 7 years of experience in providing tax advice to the financial services industry. His educational background include university degrees in both Law and Economics and a master degree in Investment Management and Valuation.

Course at a Glance

  • Next Start Dates: New dates TBA
  • CPD Points: 3
  • Course Cost: £395.00
  • Course Length: Half day (09:30-12:30)

There are no dates currently available for this course, If you would like to register your interest please complete the form below:

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