The newly introduced Taxation (Implementation) (Disclosure Facility) (Jersey) Regulations 2013 provide that Jersey fund administrators and Jersey funds must make any clients that were resident in the United Kingdom for tax purposes between April 6 1999 and December 31 2013 be aware of the availability of the disclosure facility with Her Majesty’s Revenue and Customs by December 31 2013.

To ensure that this deadline is met, fund managers and administrators may wish to consider incorporating a notice in investor mailings sent this quarter advising investors that the disclosure facility is now available.