Products & Services
How We Streamlined ERI Data Delivery with the Managed Smart Data Platform
14 May 2025
Complete, verified and structured ERI data
Award-winning offshore funds data to support accurate, auditable UK tax reporting
THE IMPORTANCE OF ERI
Accurate Excess reportable income is the difference between a clean tax return and a 200% fine
The risk
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.
The advantage
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 OFFERING
We do the heavy lifting on offshore fund data
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.
WHAT'S COVERED
Excess reportable income
Equalisation rates
Dividend and interest distributions
Fund status checks
HMRC-approved currency conversions
Historical fund data
Original source documentation
Fund manager updates
Expert support and training
Client-specific requests
TWO-TIME WINNER
Best Offshore Fund Reporting Data
A two-time winner at the Systems in The City Fintech Awards, recognised for delivering the accuracy, coverage and traceability trusted by leading financial services firms.
BENEFITS
Auditable
original source data upon request, so you can reduce risk, increase transparency and build trust with your clients.
Comprehensive
continually updated database and access to historical fund data, giving you unparalleled fund coverage.
Compliant
data is provided in accordance with HMRC requirements, reducing regulatory and reputational risk while keeping your reporting straightforward.
Supported
dedicated team on hand to provide support and guidance for any additional requests or queries you may have.
Flexible
receive the data you request in a format and frequency that suits you.
In-depth
on the rare occasion that we don’t have full coverage of your targeted fund universe, our team will conduct primary research to source the exact information you’re looking for.
WHY RAW KNOWLEDGE
Financial data specialists with deep domain expertise
Lots of organisations provide data infrastructure. Few combine it with the specialist knowledge required to handle the complexities of wealth and asset management data.
- Award-winning specialist financial data services
- Part of the Industrial Thought Group (est. 2013)
- Sister company to Financial Software Ltd (est. 1994), creators of the award-winning capital gains solution CGiX
- End-to-end service, supported by client-specific service level agreements
- Trusted by leading organisations across the global financial services industry
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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