UK amnesty for UK taxpayers
In March 2013, the UK government announced an amnesty for UK taxpayers, giving them an opportunity to check that their affairs are up to date and, if appropriate, make a disclosure of any potential unpaid tax liabilities to Her Majesty’s Revenue and Customs (HMRC). The amnesty runs until 30 September 2016.
Jersey and Guernsey are two of the world’s leading international financial centres and are consistently recognised by the OECD, the IMF and the UK government for their commitment to the very highest levels of transparency and global regulatory standards. Consequently, all financial institutions in Jersey and Guernsey have been asked to write and advise all of their UK resident clients of the amnesty now and again six months prior to the amnesty expiring…
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Briefings from Ogier
The Cayman Islands legislature recently enacted The Insurance (Portfolio Insurance Companies) Regulations, 2015 and related sections of The Insurance (Amendment) Law, 2013.
There have been a number of significant legislative developments in Jersey since November 2012, as reflected in the length of this briefing.