UK HM Revenue and Customs introduces a new income declaration program for the holders of assets in Guernsey, Jersey and Isle of Man

UK HM Revenue and Customs announced a new income declaration program to be opened. This will relate to assets allocated in Guernsey, Jersey and Isle of Man.

The program has been launched on April 6, 2013 and will continue until September 30, 2016. The  taxpayers are allowed to voluntarily declare their income and to pay their taxes.

Such initiative of the British government became real after the agreement on automatic tax information exchange was signed between Guernsey, Jersey and Isle of Man.