Isle of Man Disclosure Facility – Our Comment

The Isle of Man Disclosure Facility  – IoMDF – Manx Discloure Facility – MDF On 19 February HM Treasury announced a tax co-operation agreement with the Isle of Man.  The Memorandum of Understanding agreed between the two governments provides for: the automatic exchange of information (eg details of bank accounts) to combat tax evasion. a…

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Isle of Man Disclosure Facility – IoMDF

19th February 2013 HM Treasury has announced a new Isle of Man Disclosure Facility – IoMDF. Below we have reproduced the Press Release but we will be bringing you our detailed analysis of the new facility shortly along with considerations as to whether the IoMDF is a game changer in terms of either the UK/Swiss Agreement or…

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Draft Legislation for the Extension of CGT to Non Natural Persons

13 February 2013 On the 5th December 2012, the Chancellor delivered his Autumn Statement. A week later the draft clauses for the Finance Bill 2013 were published. Notable by its absence was the draft legislation for the extension of CGT to non resident non natural persons (the “extension to CGT”), which had been heavily anticipated.…

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