Gibraltar Business, Taxation and Offshore Information
Gibraltar Is In The EU . . .
Gibraltar is self governing but remains a colony of the United Kingdom, and entered the EU along with the UK. It does not belong to the EU's VAT, CAP or common external tariff regimes. However Gibraltar has implemented much EU financial legislation and can apply Common European Passport regulations in the insurance, banking and fund management spheres. In practice there are sometimes difficulties connected with the long-running row between the UK and Spain over Gibraltar's status.
In a referendum held by the Gibraltar government in November, 2002, nearly 99% of votes were cast against the joint sovereignty being planned between Britain and Spain.
By mid-2003 it was clear that the age-old stalemate between Britain and Spain had been re-established, and British Foreign Office minister Denis MacShane suggested that there was unlikely to be a resolution to the Gibraltar question for at least thirty years. "I don't think the people of Gibraltar will approve any steps on sovereignty until there has been a long period of calm and good relations with Spain," said Mr McShane at the time. More »