UK/TURKS AND CAICOS ISLANDS EXCHANGE OF LETTERS SIGNED IN LONDON ON 26 NOVEMBER 2013 AMENDING TAX INFORMATION EXCHANGE AGREEMENT This arrangement has not yet entered into force. This will happen when both countries have completed their Parliamentary procedures and exchanged diplomatic notes. An announcement will be made when these procedures have been completed. EXCHANGE OF LETTERS BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM AND THE GOVERNMENT OF THE TURKS AND CAICOS ISLANDS CONCERNING THE 2009 ARRANGEMENT BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF THE TURKS AND CAICOS ISLANDS FOR THE EXCHANGE OF INFORMATION RELATING TO TAXES Letter from the United Kingdom Sir, London, 26th November 2013 Having regard to the wish of our governments to enhance and facilitate the terms and conditions governing the exchange of information relating to taxes and respecting the constitutional relationship between the United Kingdom of Great Britain and Northern Ireland and the Turks and Caicos Islands, I have the honour to propose to you an Arrangement amending the 2009 Arrangement between the United Kingdom and the Turks and Caicos Islands for the exchange of information relating to tax matters in the Appendix to this letter and that this Arrangement shall have effect in accordance with paragraph 2 thereof. I have the honour to propose that, if the above is acceptable to the Government of the Turks and Caicos Islands, this letter together with its Appendix and your confirmation shall together constitute our mutual acceptance and making of the Arrangement between the United Kingdom of Great Britain and Northern Ireland and the Turks and Caicos Islands. Please accept, Sir, the assurance of my highest consideration. For the Government of the United Kingdom of Great Britain and Northern Ireland David Gauke Letter of Reply from the Turks and Caicos Islands Sir, I have the honour to acknowledge receipt of your letter of 26th November 2013, which reads as follows: “Having regard to the wish of our governments to enhance and facilitate the terms and conditions governing the exchange of information relating to taxes and respecting the constitutional relationship between the United Kingdom of Great Britain and Northern Ireland and the Turks and Caicos Islands, I have the honour to propose to you an Arrangement amending the 2009 Arrangement between the United Kingdom and the Turks and Caicos Islands for the exchange of information relating to tax matters in the Appendix to this letter and that this Arrangement shall have effect in accordance with paragraph 2 thereof. I have the honour to propose that, if the above is acceptable to the Government of the Turks and Caicos Islands, this letter together with its Appendix and your confirmation shall together constitute our mutual acceptance and making of the Arrangement between the United Kingdom of Great Britain and Northern Ireland and the Turks and Caicos Islands. Please accept, Sir, the assurance of my highest consideration.” I am able to confirm that the contents of your letter dated 26th November 2013 are acceptable to the Government of the Turks and Caicos Islands, and therefore that this letter together with your letter and its Appendix constitute our mutual acceptance of the provisions of the Arrangement between the Turks and Caicos Islands and the United Kingdom of Great Britain and Northern Ireland. Please accept, Sir, the assurance of my highest consideration. For the Government of the Turks and Caicos Islands Hon. Dr. Rufus Ewing Appendix ARRANGEMENT BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF THE TURKS AND CAICOS ISLANDS AMENDING THE 2009 ARRANGEMENT FOR THE EXCHANGE OF INFORMATION RELATING TO TAXES The United Kingdom and the Turks and Caicos Islands (“the Territories”) desiring to amend the Arrangement between the two territories for the exchange of information relating to tax matters (“the 2009 Arrangement”), have agreed as follows: 1. The following shall be added after Paragraph 5 (Exchange of Information Upon Request): “PARAGRAPH 5A AUTOMATIC EXCHANGE OF INFORMATION 1. The competent authorities of the Territories may automatically transmit information to each other for the purposes referred to in Paragraph 1 (Scope of Arrangement). The Territories shall determine the items of information to be exchanged pursuant to this Paragraph and the procedures to be used to exchange such items of information. 2. The competent authorities of the Territories may mutually agree on additional procedures to be used for the purposes of this Paragraph. PARAGRAPH 5B SPONTANEOUS EXCHANGE OF INFORMATION The competent authority of a Territory may spontaneously transmit to the competent authority of the other Territory information that has come to the attention of the first-mentioned competent authority and that the first-mentioned competent authority supposes to be foreseeably relevant to the accomplishment of the purposes referred to in Paragraph 1 (Scope of Arrangement). The competent authorities of the Territories shall determine the procedures to be used to exchange such information.” 2. Each of the Territories shall notify the other of the completion of the procedures required by its law for the bringing into force of this Arrangement. This Arrangement shall enter into force on the date of the later of these notifications and shall have effect for information exchanged on or after that date without regard to the taxable period to which the information relates.
Posted on: Sat, 29 Nov 2014 02:47:47 +0000
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