UK- Anguilla Tax arrangement
A new Tax Information Exchange Arrangement (TIEA) between the UK and Anguilla has been signed.
The new TIEA will allow for the exchange of tax-related information. It is expected this new TIEA will help combat tax avoidance and money laundering involving both countries. The arrangement will apply to taxpayers who are resident in either the UK, Anguilla or both jurisdictions. In the UK the agreement will apply to income tax, corporation tax, capital gains tax, inheritance tax and VAT.
The exchange of information provisions meets the OECD standards and is the first TIEA to be signed by the Government of Anguilla.
The TIEA will take effect once both countries have finalised the legislative procedures needed to give the arrangement the force of law in both countries.