The Common Reporting Standard (CRS) has been initiated by the Organization for Economic Cooperation and Development (OECD) aiming at improving international tax compliance and preventing tax evasion, through the automatic exchange of information between the countries that implement CRS.

The jurisdictions that are adopting CRS, including the UK, collect and report information relating to the tax residence(s) and tax identification number(s) of their customers. For more information about the Common Reporting Standard, please visit the official website of OECD http://www.oecd.org.