Offshore Disclosure Facilities: Isle Of Man, Jersey And Guernsey

Individuals and companies with undeclared UK tax liabilities associated with assets held in the Isle of Man, Jersey and Guernsey can take advantage of disclosure facilities to regularise their tax affairs.

A window is now open for persons with undeclared UK tax liabilities to make full disclosure and settle unpaid tax following agreements signed between the UK government and the three Crown dependencies in February 2013.

The new agreements follow other arrangements such as the Liechtenstein Disclosure Facility (LDF) and UK/Swiss tax agreement.

What do the agreements with the Crown dependencies cover?

The agreements are the same in all key aspects, and each has two core elements.