Submit your FATCA declaration

As part of the The International Tax Compliance Regulations, we're required to collect details about your tax residency.

These rules apply to all financial institutions, including Tide, and to ensure we meet global tax compliance standards.

This guide shows you how to:

Provide your FATCA and CRS information

Submit your details if you're a Sole Trader

Submit your details if you're a Registered Business

How the FATCA declaration process works

This process helps work out your tax residency, so your account is in line with international regulations.

Log in to your app provide your details You can also provide them by email if you need

Answer our quick questions These will determine your tax residency

We'll securely hold your information as required by international law Using our internationally certificated standards for data protection

We'll ask for this information periodically to keep our records up to date This will be if your situation changes, or every 1, 3 or 5 years if not

You'll then be all set to continue operating as normal. If you aren't able to provide your details, we may be forced to pause your account as a last resort.

Sole Traders, here's how to submit your details

Step 1: Log in to your app to provide your details

The easiest and quickest way to submit your details is directly through your Tide app. Providing your details quickly helps avoid disruption to your account.

If your app is updated to the latest version, you'll be guided through the process when you log in.

You can also provide this information through a secure Typeform link via email. Typeform acts as a trusted service provider under a contractual agreement with Tide. They process your data only under Tide’s written instructions and in line with our Privacy Policy

Not sure if an email you received is genuine? Tap Support in the app – we’ll quickly check this for you.

Step 2: Answer where your business pays tax

This is usually where you:

Spend most of the year

Have your main home or family

Have your main life and money ties

Examples:

If you live most of the year in the UK, and your home and family are in the UK, You are likely a UK tax resident

If you split your time, you might be a tax resident in one or both countries. In the UK, 183+ days in a tax year usually means a UK tax resident. With fewer days, HMRC considers where your home and other ties are. See HMRC’s Statutory Residence Test for details

Step 3: Answer if you're a US person

Under the FATCA regulations, the term US person is defined as:

A citizen or resident of the United States

A partnership or corporation created or organised in the United States

An estate (other than a non U.S. estate)

A Trust if a court within the United States is able to exercise primary supervision over the administration of the trust, and one or more United States persons have the authority to control all substantial decisions of the trust

The United States Government (including an agency or instrumentality thereof)

A US State (including an agency or instrumentality thereof)

The District of Columbia (including an agency or instrumentality thereof)

Step 4: Provide your TIN if needed

If you reside outside of the UK, you'll need to provide your TIN.

Tax Identification Number (TIN) is a unique combination of letters and/or numbers assigned by tax authorities to identify individuals and entities for tax purposes.

You'll normally find it on any correspondence you receive from your tax authority.

Some authorities don't issue a TIN, instead using a similar code, such as Social Security Number (SSN) for individuals in the US, or SIREN in France.

Visit the OECD website for more information about the TIN or its equivalent.

If you are a tax resident in another jurisdiction

We may be required to share the following data about you, your entity and/or controlling persons:

Name

Address

Jurisdiction(s) of Tax Residency

Taxpayer Identification Number (TIN) or similar (TIN) with respect to each reportable jurisdiction

Date of Birth (Except for FATCA)

As well as the account number (plus Tide’s name and identifying number), the account balance or value as of the end of the calendar year or other appropriate period, gross amount of interest paid or credited to the account during that period; and place and date of birth of individuals.

Registered Business, here's how to submit your details

Step 1: Log in to your app to provide your details

The easiest and quickest way to submit your details is directly through your Tide app. Providing your details quickly helps avoid disruption to your account.

If your app is updated to the latest version, you'll be guided through the process when you log in.

Not sure if an email you received is genuine? Tap Support in the app – we’ll quickly check this for you.

Step 2: Answer where your business pays tax

If you are a registered business, you’re usually a tax resident where you are:

Registered or incorporated

Managed and controlled – for example, where directors or partners make key decisions

Examples:

A UK-registered company with directors running the business from the UK is almost always a UK tax resident

A UK-registered company that is actually managed from another country might also be tax resident in that other country

Step 3: Answer if you're a US person

Under the FATCA regulations, the term US person is defined as:

A citizen or resident of the United States

A partnership or corporation created or organised in the United States

An estate (other than a non U.S. estate)

The United States Government (including an agency or instrumentality thereof)

A US State (including an agency or instrumentality thereof)

The District of Columbia (including an agency or instrumentality thereof)

Step 4: Answer where your income comes from

If more than half of what your business earns comes from:

Selling your goods or services – your business is an Active Non-Financial Entity (NFE*). You earn a significant portion of your income from manufacturing, sales, providing services, or anything else that can be considered ‘active business operations’

A passive income – that includes interest, rents, dividends, and royalties, then your business is a Passive NFE

* NFE, is a company that’s not primarily engaged in financial activities, such as banking or investment services. NFE is a term that’s commonly used in the context of tax compliance – usually in relation to the Foreign Account Tax Compliance Act (FATCA), and the Common Reporting Standard (CRS).

Step 5: Provide your TIN if needed

If your business was incorporated in the UK and is residing in the UK for tax purposes, you won't need to provide this. Also, if you have a passive NFE business with controlling persons residing in the UK, you won't need to provide a TIN for the controlling persons.

If your business resides outside of the UK, you'll need to provide it. Also, if you have a passive NFE business with controlling persons residing outside of the UK, you'll need to provide a TIN for the controlling persons.

Tax Identification Number (TIN) is a unique combination of letters and/or numbers assigned by tax authorities to identify individuals and entities for tax purposes.

You'll normally find it on any correspondence you receive from your tax authority.

Some authorities don't issue a TIN, instead using a similar code, such as Social Security Number (SSN) for individuals in the US, or SIREN in France.

Visit the OECD website for more information about the TIN or its equivalent.

After you provide your FATCA details

What happens with your information

The International Tax Compliance Regulations require that the information collected in the self-certification form be held on record for a prescribed period of time.

If you, your entity, or any controlling persons are a tax resident in another jurisdiction, we may be required to provide the details from the form and a few other details about your accounts to the HMRC.

They may also pass it on to the relevant tax authorities in another country.

Keeping our records up to date

Your self-certification stays valid as long as your circumstances don’t change. However, we carry out periodic reviews to make sure our records remain accurate.

This will typically take place every one, three, or five years, depending on the review schedule.

If your tax residency changes, let us know as soon as possible, and no later than 90 days after the change.

How your data is securely stored

We’ll handle your information securely and responsibly. We’ll use it only for compliance purposes and keep it for as long as required by law.

We’re ISO 27001:2013 certified, which means we follow internationally recognised standards for data protection. You can also read more about how we keep your information safe over on this page, , and in our Privacy Policy.

Get more information and help

For CRS, the OECD website provides more information about the CRS and the jurisdictions taking part

For FATCA, additional information can be found on the Inland Revenue Service’s (IRS) website

Tide is not allowed to give tax advice. so if you are not sure how to complete the form from the tax perspective, please visit the OECD or IRS websites or speak to a professional tax advisor.