On 9 October 2018, Jersey approved the new income and capital tax treaty with the UK. The treaty was signed on 2 July 2018 and, once in force and effective, will replace the existing tax arrangement between Jersey and the UK.
Taxes Covered
The treaty covers Jersey income tax and UK income tax, corporation tax, and capital gains tax.
Residence
If a company is considered resident in both Territories, the competent authorities will determine the company's residence for the purpose of the t…