eprivateclient

Jersey wins ‘landmark’ Supreme Court case against HMRC

News Team, 11/04/2019

The UK Supreme Court has ruled in favour of Jersey against HMRC in a “landmark constitutional decision,” allowing the jurisdiction the right to free movement of capital.

The judgment means that the UK government cannot introduce restrictions affecting movements of capital between the UK and Jersey.

HMRC had appealed the English Court of Appeal decision, which also ruled in favour of Jersey, resulting in the case being heard by the Supreme Court

This free movement is a European Union right, which benefits third countries as well as member states.

Jersey’s attorney general argued that the island'...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more