Steve McCabe – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Steve McCabe on 2016-09-02.

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 20 July 2016 to Question 42891, on double taxation: crown dependencies, for what reasons the Government has entered negotiations for a full revision of the treaties with Guernsey, Jersey and the Isle of Man.

Jane Ellison

Our double taxation treaties with Guernsey, Jersey and the Isle of Man (the Crown Dependencies) date from the 1950s and although we have updated them in part on several occasions many of the provisions are now out of date.

The OECD Model Tax Convention is the starting point for the UK’s tax treaties. This model has undergone many revisions in recent years, most recently in 2014, with further changes to be incorporated arising from the OECD base erosion and profit shifting project. These negotiations will give us the opportunity of incorporating many of these revisions.

HM Revenue and Customs officials began talks with the Crown Dependencies in April this year and will be meeting again with them soon to continue discussions.