“While the previous double taxation treaty with the UK has done good offices to both sides for more than 60 years, it was important to negotiate a new agreement reflecting changes in international taxation since the 1950s and the island`s obligation to comply with international tax standards, including the most recent BEPS standards. By the OECD. » Home > Article > New Jerseys the new double taxation agreement (DBA) with the United Kingdom enters into force Double taxation treaties are agreements between two countries that are designed as follows: DBA contain the “main test” of BEPS measures, meaning that benefits can be denied under any DBA if it is found that the object or one of the main objectives of an agreement or a transaction was: to ensure these benefits. I assume that this relationship will be further strengthened by the withdrawal of the UK from the EU. Secondly, in concluding this agreement, we underline our full commitment to respect the international tax standards set by the OECD. On both counts, the Government of Jersey is pleased with the outcome of the negotiations on the new DBA and I would like to pay tribute to the British tax officers for the constructive, positive and useful cooperation we have enjoyed. “Given the closeness of our trade relationship with the UK, it is extremely important to ensure that individuals and businesses understand how they are taxed by each government. These DTAs were long overdue and are another example of how Crown Dependencies meet international standards. As might be expected, they contain important provisions in the fight against abuse, but there are some welcome provisions in areas such as withholding tax, especially for local businesses. . . .