Jordans Trust Company blog

Our blog will keep you up-to-date and reliably informed about the latest insights and news from the world of business.

The Jersey Disclosure Facility

18 May 2014
On 20 March 2013, Jersey signed a memorandum of understanding with the UK government relating to cooperation in tax matters, including the exchange of tax information. Under the MoU, HMRC agreed to make available a disclosure facility (JDF) from 6 April 2013 until 30 September 2016. The JDF enables a person who was a UK taxpayer between 6 April 1999 and 31 December 2013 and... Read More AboutThe Jersey Disclosure Facility »

By Philip Jacques

Publication of draft UK TUPE regulations

18 May 2014
The UK Government has published the draft Collective Redundancies and Transfer of Undertakings (Protection) (Amendment) Regulations 2013 . The Government has stated that it wants to improve the Transfer of Undertakings (Protection of Employment) (TUPE) Regulations so they do not reduce the flexibility, effectiveness or fairness of the labour market. The government response... Read More AboutPublication of draft UK TUPE regulations »

By Philip Jacques

BVI - Restricted Company Names

18 May 2014
In August 2013, the BVI Financial Services Commission (the FSC) added 46 names to its schedule of restricted company names. According to the FSC guidelines , the registrar shall not form a company that contains a restricted name unless consent has been granted. A fee of US$100 is required when submitting an application for consent. Click to see a list of the restricted words and... Read More AboutBVI - Restricted Company Names »

By Philip Jacques

Intergovernmental agreement between Jersey and the UK on automatic exchange of tax information

18 May 2014
Jersey entered into an intergovernmental agreement with the UK government on 22 October 2013. The so-called ‘FATCA’ agreement relates to the automatic exchange of tax information between Jersey and the UK. Under the agreement financial information on UK taxpayers holding accounts in Jersey will be automatically provided to HMRC to ensure that the correct amount of tax is being... Read More AboutIntergovernmental agreement between Jersey and the UK on automatic exchange of tax information »

By Philip Jacques

Government consultation: simplifying company filing requirements

18 May 2014
The Government Department of Business, Innovation and Skills (BIS) published its consultation paper, "Red Tape Challenge: Company filing requirements" on 7 October 2013. The consultation sets out proposals to change the way that filings are currently made. Briefly, these are in relation to: Annual filings: including proposals for annual returns of companies and the... Read More AboutGovernment consultation: simplifying company filing requirements »

By Philip Jacques

ICO subject access code of practice

18 May 2014
The Information Commissioner’s Office (ICO) recently published guidance to assist organisations when dealing with requests from individuals for their data. Under the Data Protection Act, individuals can request that an organisation discloses what information it holds about them. Once received, an organisation generally has forty days to reply to the request. The ICO... Read More AboutICO subject access code of practice »

By Philip Jacques

Meaning of a "member" under BVI law

18 May 2014
Comodo Holdings Ltd v (1) Renaissance Ventures Ltd; and (2) Joseph Katz (executor for the estate of Eric D Emanuel Dec'd) BVIHC (Com) 2013/0045 The key point that emerged from the case was that prima facie to be a member of a BVI business company, the individual needs to be entered as a member in the share register. Evidence of title, namely the holding of a share certificate,... Read More AboutMeaning of a "member" under BVI law »

By Philip Jacques

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