 The Inland Revenue hopes to recover up to �1.6bn in three years |
People and companies from outside the island with money invested in Jersey could be investigated for unpaid tax by the UK authorities. The UK Inland Revenue is searching for unpaid tax held in offshore accounts.
Tax investigation lawyers from an international law firm are warning Jersey's finance industry to be on its guard against people trying to avoid paying tax.
The Inland Revenue is targeting clients of offshore financial institutions and trust companies to recover billions of unpaid tax.
Finance seminar
It hopes to recover up to �1.6bn over the next three years.
But DLA, the law firm set up to investigate, said it was not just an issue for customers.
It said the Inland Revenue would be looking to finance houses to prevent people being able to avoid paying tax.
DLA will be holding a seminar for Jersey's finance industry at the Pomme D'or Hotel at the end of March.
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