Guernsey Disclosure Facility

20/12/13

The Government of Guernsey has signed a Memorandum of Understanding ("MoU") with HM Revenue & Customs ("HMRC") in the UK establishing the Guernsey Disclosure Facility ("GDF"). The facility has been introduced by HMRC to assist UK taxpayers with interests in Guernsey, who may have irregularities in respect of their UK tax affairs, to approach HMRC and put their past and future tax affairs on the right footing. Under the terms of the MoU, all Guernsey-based financial institutions are required to contact clients to make them aware of the disclosure facility now and then six months before the disclosure window ends which is on 30 September 2016.

 

Please see notice available by clicking on the below link:

 

disclosure_facility.pdf