Island first to sign tax deal with UK

Fri, 11 Oct 2013

Chief Minister Allan Bell

The Isle of Man has become the first British dependency to sign up to automatically share tax information with the UK.

The agreement, which is modeled on FATCA, means the two governments can start exchanging additional information from 2016.

The Island was the first to strike this agreement with the UK and the first to officially sign up to it.

Chief Minister Allan Bell says it is a major step forward: