Jurisdiction(s):
United Kingdom

Key definition

Crown Dependency definition

What does Crown Dependency mean? In legal practice, Crown Dependency refers to the three self-governing jurisdictions of Jersey, Guernsey (the Bailiwick, including Alderney and Sark) and the Isle of Man, typically encountered in cross-border work on governing law, enforcement of judgments, taxation, financial regulation and sanctions compliance. The term is a descriptive expression rather than a statutory definition. UK legislation more commonly defines the british islands (Interpretation Act 1978) as the United Kingdom, the Channel Islands and the Isle of Man. Crown Dependencies are not part of the UK and are not colonies. Each has its own legislature (States of Jersey; States of Deliberation in Guernsey;...

UK FATCA (CDOT) with Crown Dependencies and Overseas Territories: obligations, reciprocity, legal basis, penalties, key dates, alternative reporting regime, and transition to CRS (archived)

Published by a LexisNexis Tax expert

Practice notes

ARCHIVED: This archived Practice Note summarises the arrangements made between the UK and its Crown Dependencies and Overseas Territories to exchange information on financial accounts—known as the crown dependency/Overseas territory (CDOT) agreements—and the reporting required under those arrangements for periods up to the end of 2016, before CDOT was superseded by the Common Reporting Standard (CRS). For details on CRS, see Practice Note: Automatic exchange of information—the Common Reporting Standard: a summary.

What are the CDOT agreements?

The UK entered into agreements with its three Crown Dependencies and a number of Overseas Territories to provide details of financial accounts held in those jurisdictions by UK tax residents (or passive investment companies controlled by such individuals):

Crown Dependencies: Guernsey, Jersey, the Isle of Man
Overseas Territories: Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Montserrat, Turks & Caicos Islands

Together, these arrangements are referred to as the CDOT agreements, CDOT, or UK fatca. The impetus for these measures was the US Foreign Account Tax Compliance Act (FATCA). Each jurisdiction sought to conclude an Intergovernmental Agreement (IGA) to implement FATCA. As such IGAs are treated as international treaties, they required the UK’s consent. Accordingly, it was agreed...

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Ali Kazimi

Hansuke

Ali Kazimi is the managing director at Hansuke. He has over 25 years of financial services industry experience having held successive leadership roles within 'big four' firms and as head of tax at Barclays Global Investors (now BlackRock). Ali is a chartered accountant and a long-standing member of the Chartered Institute for Securities and Investment, International Fiscal Association, and the Association of Corporate Treasurers....

Web page updated on 22/05/2026

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