“This announcement is a further demonstration of Jersey’s long-standing commitment to engaging with and supporting the evolution of global standards on tax information exchange.  It is pleasing to see progress from the European Union and wider G20 nations in supporting automatic exchange of information on a truly level playing field basis.  The timetable of implementing this change from 1st January 2015 is sensible and it is interesting to note that many clients are already choosing to take advantage of the option for voluntary disclosure.”

Click here to view States of Jersey release.