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December 15 - For employers with 80 staff or more, this is the deadline for payment of tax deducted during November to the Income Tax Office.
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Posted November 18th, 2009 | No Comments »
The provisions of the concession (E6) relating to awards made for passing professional examinations were updated on 20 October 2009, as follows:
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Posted November 4th, 2009 | No Comments »
In Statement of Practice 34, the Income Tax Office has made it clear that, where part of an employee’s cash remuneration is given up in return for a non-cash benefit that has a lower taxable value than the tax that would otherwise have due on the amount of salary sacrificed, the salary sacrifice is tax neutral. The tax charge would be equivalent to that which would have been charged on the salary.
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Posted November 4th, 2009 | No Comments »
Pensions and other contributory benefits will go up by 2% from January if the States of Guernsey approve Social Security’s proposals at the September States meeting.
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Posted October 28th, 2009 | No Comments »
A new Tax Information Exchange Agreement (TIEA) between Guernsey and New Zealand was signed on 23 July 2009. The Agreement will enter into force as soon as both governments have completed their domestic legislative procedures needed to give it effect.
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Posted July 29th, 2009 | No Comments »
The Commerce and Employment Department (CED) has launched a public consultation to obtain the views of employees, workers, employers and members of the public on the level at which minimum wage rates might be set.
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Posted July 15th, 2009 | No Comments »
The Benefits in Kind explanatory guide has been amended to include a new definition of the “cost of car”. It is now defined as:
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Posted June 24th, 2009 | No Comments »
At the end of March, the States of Guernsey entered into four new tax agreements: Continue reading
Posted April 20th, 2009 | No Comments »
Employers have been reminded that, under The Conditions of Employment (Guernsey) Law, 1985 as amended, all employees who are contracted to work 15 hours per week or more must be issued with a “ written statement” outlining the main terms and conditions of their employment, or a written contract, within four weeks of the commencement of employment.
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Posted April 6th, 2009 | No Comments »
On 20 January, Guernsey and the United Kingdom entered into a tax information exchange agreement (TIEA). There was also an agreement reached to revise the long-standing Double Taxation Agreement between the countries so that Guernsey residents will not have to pay UK tax on UK pensions that do not relate to government service Such pensions will only be taxed in Guernsey and will, as a result, pay tax at a lower rate.
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Posted February 9th, 2009 | No Comments »
