Guernsey/United Kingdom Tax Information Exchange Agreement (in force w.e.f. 27 November 2009)
AGREEMENT BETWEEN THE UNITED KINGDOM AND GUERNSEY FOR THE EXCHANGE OF INFORMATION RELATING TO TAX MATTERS
- Preamble
- Article 1 - Object and scope of the Agreement
- Article 2 - Jurisdiction
- Article 3 - Taxes covered
- Article 4 - Definitions
- Article 5 - Exchange of information upon request
- Article 6 - Tax examinations abroad
- Article 7 - Possibility of declining a request
- Article 8 - Confidentiality
- Article 9 - Costs
- Article 10 - Mutual agreement procedure
- Article 11 - Entry into force
- Article 12 - Termination
Preamble
Whereas the United Kingdom and Guernsey (“the Parties”) recognise that present legislation already provides for cooperation and the exchange of information in criminal tax matters;
Whereas the Parties have long been active in international efforts in the fight against financial and other crimes, including the targeting of terrorist financing;
Whereas the States of Guernsey on 21 February 2002 entered into a political commitment to the OECD’s principles of effective exchange of information;
Whereas the Parties wish to enhance and facilitate the terms and conditions governing the exchange of information relating to taxes;
Now, therefore, the Parties have agreed to conclude the following agreement which contains obligations on the part of the Parties only: