Guidance on the Foreign Account Tax Compliance Act (FACTA) forms parishes are receiving is now live on the Church of England’s Parish Resources website.
Some parishes may have received forms from their banks requiring information under FATCA legislation. Each form is not easy to complete, and is made more complex by each bank using its own version of the form. On the Parish Resources website there are four different examples as well as an example covering letter which parishes can send to their bank. This helps explain to your bank the full background on your status as a charity.