Commentary

A6.1216A Other UK/offshore tax agreements

Administration and compliance

A6.1216A Other UK/offshore tax agreements

A6.1216A Other UK/offshore tax agreements

In February 2013 the UK and the government of the Isle of Man agreed an automatic tax information exchange procedure and the setting up of a disclosure facility as part of the UK government's offshore anti-evasion strategy. A disclosure facility is available between 6 April 2013 and 31 December 2015 (originally 30 September 2016) for investors with Isle Man accounts to settle with HMRC any outstanding tax liabilities, and the Government of the Isle of Man will require financial intermediaries to contact relevant persons to advise them of the disclosure facility and to ensure adherence

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