FATCA & CRS Policy

Overview

Trison PLC is committed to full compliance with the Foreign Account Tax Compliance Act (FATCA) and the OECD's Common Reporting Standard (CRS). These international regulatory frameworks are designed to combat tax evasion and improve transparency in the global financial system.

Purpose

The purpose of this policy is to outline our internal approach to identifying, reporting, and maintaining compliance with FATCA and CRS obligations across all jurisdictions in which we operate.

FATCA Compliance

FATCA requires financial institutions and designated entities to:

• Identify US Persons holding financial accounts outside the US
• Report information about such accounts to the US Internal Revenue Service (IRS)
• Withhold taxes on certain US-connected payments to non-compliant entities

Trison PLC:

• Determines the FATCA classification of each entity and account
• Collects and verifies US indicia and W-9/W-8BEN forms
• Maintains appropriate documentation for all relevant clients
• Provides reports to UK HMRC as required, for onward submission to the IRS

CRS Compliance

The Common Reporting Standard (CRS) is an OECD-led initiative applicable across over 100 countries, requiring automatic exchange of financial account information between jurisdictions.

Trison PLC:

• Determines tax residency of all account holders and controlling persons
• Collects and verifies self-certification forms
• Reports relevant account data to the UK tax authority
• Maintains audit trails and internal review processes to ensure data quality and regulatory accuracy

Client Responsibilities

Clients are required to:

• Provide complete and truthful information regarding their tax residency
• Submit any required tax forms in a timely manner
• Notify Trison PLC of any changes to their tax status or related information

Data Protection

Trison PLC handles all reported data in accordance with applicable data protection laws, ensuring secure handling, transmission, and storage of tax-related information.

Updates

Our FATCA and CRS compliance procedures are reviewed annually and updated to reflect any changes in local or international law.

Contact

If you have questions about our FATCA & CRS Policy, please email:

Email: compliance@trison-plc.com