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HMRC to Sign Tax Information Agreement with the BVI 25/08/08

UK HM Revenue & Customs (HMRC) has released information about the plans for the period ending March 31, 2009. HMRC is going to complete work on new Tax Information Agreements with numerous countries, among which there is the British Virgin Islands, Brazil, Jersey, Guernsey, and the Isle of Man. Double taxation conventions (DTCs) are to be signed with the Netherlands, Ethiopia, Libya and Thailand.

Besides the BVI and other countries, HMRC also intends to progress negotiations with China, US, Spain, Belgium, Luxembourg and Hungary, and start negotiations with Australia, Canada, Israel, and Spain.

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