Who this information is for
This page explains international tax reporting rules that apply to all UK banks and most other financial institutions.
What is the Common Reporting Standard (CRS)?
The Common Reporting Standard (CRS) is a global framework created by the Organisation for Economic Co-operation and Development (OECD).
It allows tax authorities in different countries to share information about financial accounts, helping ensure tax is paid correctly where required.
The UK has implemented the CRS through the International Tax Compliance Regulations.
What does this mean for LHV Bank?
Like all UK banks and most other financial institutions, LHV Bank Limited is legally required to follow these rules.
This means we may need to:
collect certain information from customers, and
report information about relevant accounts to HM Revenue & Customs (HMRC).
HMRC may then share this information with overseas tax authorities where appropriate.
Does this affect me?
Depending on your individual tax circumstances (e.g., if you are tax resident in other country or have been otherwise required to submit a personal tax return in another country), we may need to share information about your account with HMRC.
If you are only tax resident in the UK and only hold accounts in the UK then this is unlikely to affect you, although we may still ask you to confirm this.
What information might you be asked to provide?
If needed, We may contact you from time to time to confirm certain information or to complete a tax residency self-certification form. This information may include:
your name and address
your place and date of birth
the country or countries where you are tax resident
your tax identification number(s), where applicable
We only use this information to meet our legal obligations.
How is this information used?
If required by appliable law, certain information we collect under the CRS is reported to HMRC. HMRC may then share this information with the appropriate overseas tax authority under international tax reporting agreements.
Where can I learn more?
You can find more detailed information here: