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EU/Channel Islands tax cooperation

Guernsey and Jersey have close cooperation with the EU and its Member States in the field of taxation. Both jurisdictions voluntarily committed in 2003 to the EU’s Code of Conduct on Business Taxation.   The Guernsey and Jersey corporate tax regimes have both recently been assessed by the Code peer review process (Jersey in 2011, Guernsey in 2012). The rollback measures to remove the harmful elements identified by the EU have been speedily implemented to ensure continuing compliance of both corporate tax regimes  with the Code.

Guernsey and Jersey have each voluntarily entered into bilateral withholding and information exchange arrangements with all 27 member States under the EU Savings Directive, and stand ready to update these arrangements when the EU extends the scope of the Directive. Guernsey and Jersey each have Double Taxation Agreements (DTAs)
and/or Tax Information Exchange Agreements (TIEAs) signed or ratified with most
EU Member States. These agreements are actively used.

Officials from Guernsey and Jersey visit Brussels regularly to maintain dialogue with the Commission, Member States, EP and others on tax issues – the most recent joint visit by
officials was on 18-19 November.