Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

EU savings directive: moving to automatic exchange of information

We are replacing the EUSD retention tax regime with automatic exchange of information. This move follows the signing of inter-governmental agreements with the USA and the UK.

Automatic exchange of information is compulsory with effect from ​1 January 2015.

Retention tax

If you are resident in the EU and hold a bank account in Jersey, you have either paid retention tax on your interest, or you have opted to disclose those interest payments to the tax authority where you live.

Jersey is committed to the international standards on tax transparency. We have signed agreements on automatic exchange with the USA and the UK, and we are an early adopter of the Common Reporting Standard (CRS). The retention tax regime no longer is in accord with our statement of support for the automatic exchange of information.​

Automatic exchange of information

Our EUSD r​egulations make automatic exchange mandatory from 1 January 2015. The regulations also give paying agents the choice to put in place automatic exchange ahead of 1 January 2015.

Back to top
rating button