Automatic Information Exchange Agreed for Offshore Disclosure Facilities

Disclosure-Offshore_TaxAgility-Accountants-LondonEarlier this year, Offshore Disclosure Facilities (ODF) were agreed between the UK government and the governments of Jersey, Guernsey, and the Isle of Man, designed to last between April of this year and 30 September 2016.  During this period Financial Intermediaries in these three dependent territories are to be contacting people who they believe may be eligible to participate in the facility.

In the latest update to these agreements in October this year, the governments have now agreed to an automatic and spontaneous exchange of information between the UK and the relevant offshore government, from 2016 onwards.
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