The agreement, which was signed on Monday 2 July, prevents double taxation of personal and corporate incomes, and provides for the exchange of information on request. While there has already been an agreement in place since 1952, the current DTA meets with current international standards set by the Organisation for Economic Cooperation and Development (OECD).

Geoff Cook, Jersey Finance CEO, said: “We welcome this agreement, which further demonstrates our commitment to international standards. Our government does an excellent job of representing Jersey interests and this latest positive step enhances the close ties and symbiotic relationship we have with the UK, especially as we march forward towards Brexit.”

The government’s statement can be read in full on the States of Jersey website.