A Tax Information Exchange Agreement between the United Kingdom and Gibraltar
was signed in London on 24 August 2009 by Lord Myners, Financial Services
Secretary to the Treasury and in Gibraltar on 27 August by Mr P Caruana, Chief
Minister of the Government of Gibraltar.
The new TIEA with Gibraltar will enable the UK and Gibraltar to exchange information
to OECD and international tax standards to ensure that the right amount of
tax is paid in each country in the future.
Gibraltar has also signed TIEAs with the USA, Ireland, Germany, New Zealand
and Australia.
The text of the TIEA can be accessed on the Internet, Gibraltar TIEA (PDF 50K).
The text will shortly be laid as a Schedule to a draft Order in Council for consideration by the House of Commons. It will then also be available from the Stationery Office.
The Agreement will come into effect as soon as each government has completed the necessary procedures to give effect to it under its domestic laws.
August 2009
