UK HMRC has published a new tax information exchange agreement with Bermuda that was signed through the exchange of letters by the UK on 19 June 2017 and by Bermuda on 27 June. The new agreement will replace the 2007 exchange agreement between the two jurisdictions and will apply retroactively for tax periods beginning on or after 4 December 2008, although automatic exchange will apply from 1 January 2016. One of the main purposes of the new agreement is in relation to the automatic exchange of financial account information under the OECD Common Reporting Standard, for which a separate competent...