Jersey opts for automatic information exchange with UK

It means that UK residents with accounts in Jersey will have their assets and balances reported to HMRC automatically. Commenting on the package, which comprises three main parts, Heather Bestwick, Deputy CEO of Jersey Finance, the body responsible for the promotion and development of the finance industry in Jersey said: “The extensive consultation process that we ran on behalf of government with our member firms raised a number of points that will be important to capture in the detail of the final agreement and we are encouraged to see that there is reference to jurisdiction specif...