Guernsey: Payroll Calendar for the Next Month

February 15 - For employers with 80 staff or more, this is the deadline for payment of tax deducted during January to the Income Tax Office.

Continue reading


Employees Tax Instalment Scheme - Employer’s Guide updated

The Treasury & Resources department has published an updated version of the Employers Guide to the Employees Tax Instalment Scheme.  With the taxation of all benefits in kind through the ETI Scheme, it is no longer necessary, from 2010, for benefit in kind returns to be submitted.

Continue reading


Guernsey: Income Tax Allowances Allowances for relief at the standard 20% rate

In November 2008, the annual Budget Report proposed increases of 5.5% to personal tax allowances for 2009 and increases a further 4% for 2010.  The 2010 increase have been confirmed as follows: Continue reading


The provisions of the concession (E6) relating to awards made for passing professional examinations were updated on 20 October 2009, as follows:

Continue reading


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.

Continue reading


Guernsey Payroll
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.

Continue reading


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.

Continue reading


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.

Continue reading


Guernsey: Benefits in Kind - Definition of the “cost of car”

The Benefits in Kind explanatory guide has been amended to include a new definition of the “cost of car”. It is now defined as:

Continue reading


At the end of March, the States of Guernsey entered into four new tax agreements: Continue reading