All the British Overseas Territories with significant financial centres have signed up to the Government's strategy on global tax transparency. The Cayman Islands, Anguilla, Bermuda, the British Virgin Islands, Montserrat and the Turks and Caicos Islands have all agreed to greater levels of transparency with the UK. Gibraltar has also made the same commitments.
The agreements mean that the UK will be automatically provided with much greater levels of information about bank accounts held by taxpayers in these jurisdictions. This includes names, addresses, dates of birth, account numbers, account balances and details of payments made into those accounts. It also includes information on certain accounts held by entities, such as trusts.