The importance of ERI data
Products & Services
How We Streamlined ERI Data Delivery with the Managed Smart Data Platform
14 May 2025
If ERI information is missing or recorded incorrectly on a client’s tax return, an investor can be fined up to 200% of the tax due, plus interest and late payment penalties.
By providing high-quality, traceable ERI information as part of your client tax packs, your business can reduce risk, differentiate yourself from the competition and better meet stringent Consumer Duty requirements.
Our solution
Finding up-to-date, accurate offshore funds data can be complex, time-consuming, and difficult to get right.
At Raw Knowledge, we do the heavy lifting of gathering hard-to-find offshore funds data so you can meet your clients’ tax obligations easily, while minimising your operational burden.
Our ERI data solution provides you with a full data set for tax reporting, including fields rarely provided on a fund manager’s original documentation such as equalisation rates, the identification of Constant NAV Funds and Tax Transparent Funds and the determination of asset allocation.
Auditable
Original source data upon request, so you can reduce risk, increase transparency and build trust easily with your clients.
Comprehensive
Award-winning coverage from our continually updated database which includes access to historical offshore fund data
Compliant
Data is provided in accordance with HMRC requirements, reducing regulatory and reputational risk while keeping your reporting straightforward.
Supported
Our dedicated team is on hand to provide support and guidance for any additional requests or queries you may have.
In-depth
On the rare occasion that we don’t have full coverage of your targeted fund universe, our team of experts will conduct primary research on your behalf to source the exact information you need
Flexible
Receive the data you request in a format and frequency that suits your requirements
Why Raw
Knowledge?
- End-to-end service, with client-specific service level agreements
- Award-winning offshore funds coverage
- Over 10 years’ experience sourcing ERI data
- Sister company to Financial Software Ltd, creators of the marketing-leading capital gains solution CGiX
- Part of the Industrial Thought Group (est. 2013)
What’s included
- Excess reportable income
- Equalisation rates for all frequencies
- Distributions, including dividend and interest breakdowns
- Identification of Transparent and Constant NAV Funds
- Reporting fund status checks
- Historical fund data
- HMRC-approved currency conversions
- Original source material upon request
- Continual updates from fund managers
- Expert support and training
FAQ
Anyone with unwrapped investments containing offshore reporting funds must report excess reportable income to HMRC. According to the latest data, HMRC is clamping down on unreported offshore interests and investments with more investigations, ‘nudge letters’ and punitive penalties.
If ERI information is missing or recorded incorrectly on a tax return, an investor can be fined up to 200% of the tax due, plus interest and potential late payment penalties. However, accurate ERI information is extremely hard to find and reconcile. We make reporting ERI easier by doing the heavy lifting for you, so you can focus on your clients.
Unlike standard data vendors, we work specifically on your specific fund universe. This means we will reach out to fund managers directly and provide the exact data relevant to you, in the format you want.
We employ a four-eye check every step of the way. From consuming the original data to transforming it into your required format, your data will go through stringent internal checks. We’re also totally transparent and can provide our source material at request.
Our turnaround time can be as quick as 24 hours, but it will depend on the volume of data you have requested and the number of tax years you need coverage for. We are efficient, without ever sacrificing accuracy.
Our delivery is flexible and can be tailored to your requirements. We’re happy to discuss different delivery methods to ensure your needs are met. Get in touch to find out what we can do for you.
Our service is flexible to your needs. This means you can take all or part of a given ERI dataset and choose specific or multiple tax years, spanning from the very start of the Reporting Funds regime.
Whether it’s understanding ERI or needing extra validation on a particular figure, we provide ongoing, on-site support via our Zendesk portal. We can also set up calls or carry out training sessions to explain the data and processes, if you’d prefer.
Testimonials
Don’t just take it from us
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We started working with Raw Knowledge after hearing of their comprehensive offshore reporting funds service. The onboarding process was flawless and overseen by Preya and the team, who were very friendly and knowledgeable. What’s great is that the service can be used for small ad hoc requests, right up to large projects, with no long term commitment. This really suits our boutique practice.
In our experience, the range of funds covered appears unrivalled and the turnaround time for requests is fantastic, with the information usually returned by e-mail the same day, often even within the same hour.
Gibson Booth Accountants
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