The Isle of Man has signed its 12th tax information exchange agreement (TIEA)
with an OECD member country, commiting to greater tax co-operation with France.
The agreement between the two countries means the Isle of Man has now signed
over a quarter of the 51 TIEAs in existence globally.
Allan Bell, the Isle of Man’s treasury minister, and Eric Woerth, French
secretary of state for the budget, public accounts and civil service, will
officially sign the agreement in Douglas today.
Bell said the TIEA with France is a significant milestone in the
jurisdiction’s commitment to tax co-operation.
‘For nine years the Isle of Man government has been dedicated to achieving
OECD standards,’ he said.
An agreement for the avoidance of double taxation in relation to enterprises
operating ships in international traffic will also be signed today.
With Article 50 triggered, businesses are aware that they need to plan for all eventualities. Robert Facer of Menzies asks 'how hard is a hard Brexit?'
Speaking in the House of Commons minutes after triggering Article 50, prime minister Theresa May said that it was a 'historic moment from which there can be no turning back'
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer