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On 3 February 2015, the Jersey Chief Minister’s Department published the latest version of the Guidance Notes on the Taxation (International Tax Compliance) (Jersey) Regulations 2014 in relation to the implementation of obligations arising under the intergovernmental agreements (IGAs) with the US and UK.

Individuals with undeclared UK tax liabilities associated with offshore assets can take advantage of disclosure facilities to regularise their tax affairs.

Disappointingly, the attempt to paint all offshore activity as secretive and founded on abusive tax avoidance is both misleading and one-sided.

This briefing sets out Jersey's adoption of rigorous international tax and regulatory standards, which, in conjunction with local tax laws, make the jurisdiction an ideal location for investment funds...

In May 2006 H.M. Revenue & Customs ("HMRC") won a landmark victory with significant ramifications. The Special Commissioners ruled in favour of HMRC against Barclays Bank plc, which forced the bank to release to HMRC certain personal details of its clients who hold offshore accounts so HMRC could investigate any irregularities relating to unpaid tax on interest earned.

Jersey has adopted legislation to implement the OECD Pillar Two rules in 2025.

Businesses across the globe are facing an unprecedented cash flow crisis given the extraordinary measures governments are imposing to combat the Covid 19 pandemic.

In the matter of the May Trust [2021] JRC 137 concerned an application by the Jersey Trustee of the May Trust ("the Trust") to the Royal Court of Jersey, seeking its approval and/or sanction of the Trustee's

Both trusts were created at the instigation of the father of three adult children, and were settled by relatives of the family.

The former Bailiff of Jersey, Sir Philip Bailhache has recently delivered a judgment in In re R [2011] JRC 117 which declines to follow the English Court of Appeal’s test for mistake established in Pitt v Holt .

The global tax environment has never seen such fundamental change at such a rapid pace. As a result, funds, their managers, investors and advisers may be uncertain of the impact on their current and future structures.

Over the 12 months prior to the COVID-19 pandemic we advised on a number of matters where tax information was sought from Jersey based service providers in respect of notices

On 18 March 2010, the President of the United States of America, Barack Obama, signed into law the "Hiring Incentives to Restore Employment Act". A number of incentives are contained within the Act for boosting employment, such as payroll tax relief and business credits for "hiring and retaining unemployed workers".

The starting point for the Jersey courts will be that foreign taxes are unenforceable both directly and indirectly (the so-called "revenue rule"). This is a well-established principle of private international law...

In its recent decision in the case of B and C v D, E, F and others JRC 169, the Royal Court of Jersey has considered whether a Jersey law foundation and endowments made to such a foundation can be set aside ab initio on the grounds of mistake.

The implementation of the OECD's global minimum tax rules (Pillar Two) brings new registration and filing obligations.

Both islands are recognised global finance centres, offering proportionate and pragmatic regulation, tax neutrality, and a sophisticated ecosystem of legal, regulatory, and operational expertise...