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Turks and Caicos Islands (Tax Agreement)

Volume 571: debated on Thursday 28 November 2013

An arrangement comprising of an exchange of letters amending the 2009 tax information exchange agreement (TIEA) with the Turks and Caicos Islands was signed on 26 November 2013 to permit automatic and spontaneous exchange of information. At the same time an agreement was also signed to improve international tax compliance which sets out the precise details of the information which will be automatically exchanged. The text of the agreement to improve international tax compliance has been deposited in the Libraries of both Houses and will be made available on HM Revenue and Customs’ website. The text amending the tax information exchange agreement will be scheduled to a draft Order in Council and laid before the House of Commons in due course.