| Updated | EU list of 9 October 2026 |
| Annex I (blacklist) | Anguilla, Turks and Caicos Islands (plus six jurisdictions outside the British family) |
| Annex II | British Virgin Islands, deadline 15 February 2027 |
| Not listed | Jersey, Guernsey, Isle of Man, Gibraltar, Bermuda, Cayman Islands and the other territories |
| Revised | twice a year, usually February and October |
| Applies regardless | your home country's own rules for people and money that leave |
What the EU list is
EU member states assess countries and territories outside the Union in three areas: tax transparency, fair taxation and the implementation of measures against base erosion and profit shifting. The list is revised twice a year, usually in February and October. Annex I is the list proper of non-cooperative jurisdictions. Annex II shows jurisdictions that count as cooperative but still have commitments to deliver.
Under the Council conclusions of 9 October 2026, Annex I names eight jurisdictions: American Samoa, Anguilla, Guam, Palau, Russia, the Turks and Caicos Islands, the US Virgin Islands and Vanuatu. The British Virgin Islands are in Annex II. Jersey, Guernsey, the Isle of Man, Gibraltar, Bermuda and the Cayman Islands are on neither list.
The British islands and territories at a glance
Status under the Council conclusions of 9 October 2026.
| Territory | EU list |
|---|---|
| Jersey | not listed |
| Guernsey, Alderney, Sark | not listed |
| Isle of Man | not listed |
| Gibraltar | not listed |
| Bermuda | not listed |
| Cayman Islands | not listed |
| British Virgin Islands | Annex II |
| Turks and Caicos Islands | Annex I since 17 February 2026 |
| Anguilla | Annex I |
Council of the EU, ST 13854/26 and ST 5869/26
Why Anguilla, Turks and Caicos and the BVI are listed
The Council gives its reasons in the annexes. Anguilla does not hold a rating of at least "Largely Compliant" from the Global Forum on exchange of information on request, and in the Council's words it facilitates offshore structures aimed at attracting profits without real economic substance. The Turks and Caicos Islands are listed on the same substance ground; the Council put them back on Annex I on 17 February 2026.
The British Virgin Islands are treated as cooperative but sit in Annex II because of an open commitment: the territory has been granted an in-depth review by the Global Forum by 15 February 2027. If that goes well, it comes off Annex II; if not, the next revision can move it.
What a listing does, and what it does not
The list itself forbids nothing. Nobody needs permission to live on Anguilla or to bank in the BVI. Its weight comes from the defensive measures that countries attach to it. Your home country may apply its own defensive rules to EU-listed jurisdictions: denying deductions for payments to a listed territory, removing relief on dividends from companies there, taxing more of a listed company's income at home, or asking for extra records.
How far that goes, and from which date, is a matter for each country's own law. Some countries track the EU list closely, others adopt changes with a delay, so a territory that is listed in February and delisted in October may or may not have had consequences where you live. If you stay taxable at home and do business with Anguilla or Turks and Caicos, have that checked before you sign, not afterwards.
What applies everywhere, list or no list
The list is only part of the picture. Whichever island you move to, listed or not, the rules that bite hardest usually come from the country you leave. Depending on where that is, it may tax you on unrealised gains in your shareholdings when you depart, keep taxing income from home for years if you move somewhere with markedly lower tax, keep gifts and estates in its net for a period after you leave, and tax a 0 per cent island company owned from home as if its profits were yours.
A tax cap or a flat charge can count as low taxation under such rules even where the headline rate looks normal. That is why Jersey, which is on no list, needs the same home-country check as Anguilla. Account data flows in any case: all of these territories report under the Common Reporting Standard, explained in our article on CRS and the islands.
Questions
Is Jersey a tax haven?
Not according to the EU list: Jersey is in neither Annex I nor Annex II. Your home country may still treat it as a low-tax place under its own rules, with consequences when you move.
May I move to a listed island?
Yes. The list prohibits nothing. It can make business that a taxpayer at home does with the territory more expensive.
When does the list change next?
The EU usually revises it in February and October. Countries that attach defensive measures to it adopt changes on their own timetable.
Sources: Council of the EU: conclusions of 9 October 2026 on the EU list (ST 13854/26); Council of the EU: conclusions of 17 February 2026 (ST 5869/26)
