Like Guernsey, its near neighbour, Jersey has
concluded a FATCA type Agreement with the UK in a further bid to combat tax
evasion. The Jersey Agreement, similar
to the FATCA Agreements by both parties with the USA, encompasses a special
reporting arrangement for individuals who are resident but not domiciled in the
UK, an exchange of information agreement and a disclosure facility.
Like other Disclosure Facilities, this enables UK
resident taxpayers to regularise their affairs to report previously undisclosed
accounts and income.
Contact us if you have any concerns regarding accounts you currently hold in Jersey.
