Income Tax for Practitioners & Technical Information

• Information circulated to Guernsey Society of Chartered & Certified Accountants:

  • Circular 1 (31 May 2013)  Pre-reminders [187kb]
  • Circular 2 (19 November 2013)  Tax returns required for companies with suffix 'M' [313kb]
  • Newsletter 1 (8 May 2015)  Online filing [116kb]
  • Circular 3 (5 January 2015)  Recent legislative changes effective 1 January 2015 [281kb]
  • Newsletter 2 (12 October 2016)  Update to online services for company returns and CSPs [312kb]
  • Circular 4 (12 December 2016)  Legislative changes effective from 1 January 2017 [247kb]
  • Circular 5 (10 January 2017)  Country by Country Reporting [221kb]
  • Circular 6 (8 June 2017)  Rulings - BEPS Action 5 [264kb]   Form 702 - Application for a Guernsey Tax Ruling [631kb]
  • Circular 7 (14 November 2017)  Income Tax measures within 2018 Budget [406kb]
  • Circular 8 (6 December 2018)  Income Tax measures within 2019 Budget [651kb]
  • Circular 9 (21 December 2018)   Corporate residence [474kb]
  • Circular 10 (11March 2019/updated 30 October 2020)  Process for notifying changes to corporate residence [427kb]
  • Circular 11 (17 June2019) Proposed changes to economic substance regulations [510kb]
  • Circular 12 (22 May 2020)  Interim Tax Assessments for Year of Charge 2020 [405kb]
  • Circular 13 (9 September 2020)  Basis of assessment for self- and non-employed individuals for social insurance [518kb]
  • Circular 14 (10 September 2020)  Changes to economic substance regulations in respect of self-managed funds [407kb]
  • Circular 15 (21 September 2020)  2019 income tax return submission deadline extended to 28 February 2021 [408kb]
  • Circular 16 (30 November 2020)  International Financial Reporting Standard (IFRS) 16 - Leases [402kb]
  • Circular 17 (18 March 2021)  2019 company tax returns [414kb]
  • Circular 18 (11 May 2021)  Changes to Economic Substance Regulations in respect of partnerships [577kb]
  •  Company Registration Form [236kb]
  •  Company Requesting Non Resident Status Form [616kb]
  • Circular 19 (13 September 2021)  Income Tax (Guernsey) (Amendment) Ordinance, 2021 [212kb]
  • Circular 20 (21 December 2021)  New tax registration requirement for partnerships [143kb]
  • Circular 21 (26 September 2022)  Independent Taxation [138kb]
  • Circular 22 (12 December 2022)  2023 Budget & Contribution Rates [170kb]
  • Circular 23 (28 November 2023)  2024 Budget and Contribution Rates [198kb]

• Codes of Practice

  •  Keeping, Maintaining and Retaining Records for Income Tax Purposes [663kb]
  •  Penalties for Incorrect Returns [244kb]

• Statements of Practice (Including Interpretations of Law) & Extra Statutory concessions 

  • The Revenue Service is currently reviewing all of the published Statements of Practice with a view to ensuring they are all still relevant and are issued in accordance with the Income Tax (Guernsey) Law, 1975, as amended

  •  Statements of Practice booklet (Oct 2014) [1Mb]

  • Statements of Practice published or amended since the October 2014 edition of the booklet above are listed below. These supersede those published in the main booklet.

  • Business
     B1 - Lloyds Underwriters [212kb] (updated 2024)
     B2 - Small guesthouses [91kb] (updated 2024)
     B3 - Bed and breakfast establishments [99kb] (updated 2024)
     B4 - Annual allowances [217kb] (updated 2024)
     B5 - Oil burner conversions [203kb] (applies until 31 January 2024)
     B7 - Non-Resident Entertainers - Expenses Claims [149kb] (published 1990 and updated 25 November 2021)
     B9 - Change of accounting basis [205kb] (updated 2024)
     B10 - Terminantion payments - allowance in the employers hands [136kb] (updated 2024)
     B11 - Initial allowances for hotels [195kb] (applies until 31 January 2024)
     B13 - Website construction costs [191kb] (updated 2024)
     B14 - Business Recovery Situations [117kb] (applies until 29 February 2024)
     B15 - Business expenses - use of home as an office [101kb] (updated 2024)
     B16 - self-employed medical doctors' motor vehicle expenses [206kb] (updated 2024)
     B17 - Covid-19 - Payroll co funding and grants [413kb] (published 22 April 2020 and updated 5 October 2020 & 25 February 2021)

  • Company
     C22 - Banking business (including the provision of "credit facilities") [228kb] (published 28 April 2016 and updated 11 December 2017)
     C48 - Interaction of company profits and the tax cap [80kb] (published 23 December 2014)
     C52 - Corporate Residence [165kb] (published 8 April 2015 and updated 13 December 2021)
     C54 - Fund administration [142kb] (published 24 June 2015)
     C55 - Large retail business [463kb] (published 19 September 2016 and updated 22 April 2020)
     C56 - Base Erosion & Profit Shifting (BEPS) - Action 5: Improving transparency in relation to rulings [288kb] (published 14 November 2017)
     C57 - Investment Management Services [149kb] (published 12 August 2020 and updated 13 December 2021)

  • Employment
     E2 - Uniform Cleaning Allowances [123kb] (applies until 31 December 2021)
     E3 - Nursing Staff [95kb] (part (a) applies until 31 December 2021)
     E6 - Payments to employees passing professional examinations [103kb] (applies until 31 December 2021)
     E12 - Benefits in Kind application of the exemption [247kb] (updated 2024)
     E15 - Deductions from Emoluments in Relation to Provision of Benefits including Salary Sacrifice [229kb] (updated 2024)
     E16 - Controllers of Companies [203kb] (updated 2024)
     E 17 Mileage allowance [101kb] (published 25 January 2024)
     E18 - Limited Vehicle Benefit Charge [205kb] (published 2024)
     E19 - Motor Vehicle Used for a Mixture of Chargeable and Exempt Puposes [102kb] (updated 2024)
     E20 - Motor Cars Provision of and Reimbursement for Fuel [198kb] (updated 2024)
     E22 - Plant and Machinery Gifted to Employees [96kb] (published 1997 updated 2024)
     E23 - Assets Hired by an Employer [91kb] (published 1997 updated 2024)
     E24 - Accomodation Payment and Reimbursement of Utility etc Bills [233kb] (published 1997 updated 2024)
     E25 - Accomodation repairs to property [191kb] (updated 2024)
     E27 - Domestic employees [91kb] (updated 20 December 2022)
     E28 - Split employment [100kb] (updated 20 December 2022)
     E29 Non-resident employees and directors [104kb] (published 25 January 2024)
     E32 - Professional Subscriptions [196kb] (published 1995 updated 2024)
     E33 - Exemption of Training Costs [91kb] (updated 2024)
     E40 - Employees on secondment [173kb] (applies until 31 December 2021)
     E45 - Lump sums paid under overseas pension schemes [65kb] (published 16 October 2015)
     E48 - Employees working from home [407kb] (published 22 April 2020 and updated 29 October 2020)
     E49 Employees in Guernsey minimum periods [242kb] (published 25 January 2024)

  • Interest
     I6 - Interest Relief [121kb] (published 22 September 2014 and updated 25 November 2021)

  • Miscellaneous
     M11 - Guernsey States Pension [143kb] (APPLIES UNTIL 31 December 2022)
     M12 - Trusts - A trustee's liability to Guernsey income tax [129kb] (published 23 November 2015)
     M16 - Foster Carers and Community Foster Carers, Family Link Scheme, family and friends care, Residence Orders and payments made under Supported Lodgings arrangements [142kb] (published 6 March 2020 and updated 29 June 2021)
     M19 - Guernsey residents - investments in funds [425kb] (published 12 August 2020)
     M25 - International Retirement Benefit Schemes [181kb] (published 28 February 2019)
     M45 - Section 67 of the Income Tax Law - Legal avoidance [211kb] (published 22 November 2017)
     M46 - Penalties for non-submission of returns [158kb] (published 8 December 2016 and updated 27 May 2021, 23 June 2021, 31 August 2021)
     M48 - Retirement annuity allowance for married couple [132kb] (APPLIES UNTIL 31 December 2022)
     M50 - Certified accounts [89kb] (published 8 April 2015)
     M51 - Availability of double taxation relief for UK tax paid [124kb] (published 21 December 2015)
     M52 - Commercial property let with plant and machinery [4kb] (published 6 January 2016)
     M53 - Interim Assessments [183kb] (published 11 July 2017)
     M54 diffuse mesothelioma payment scheme [492kb] (published 23 September 2020)
     M55 - Death in service schemes [109kb] (published 12 January 2022)
     M56 - Island Games 2023 [89kb] (published 5 January 2023)
     M57 - Independent Taxation and the Open Market Tax Cap [208kb] (published 19 September 2023)
     M58 - Open Market and Alderney Tax Cap - claims prior to 1 January 2024 [226kb] (published 2024)

  • Residence
     R14 - Interpretation of section 3(3)(c) of the Law [108kb] (published 16 October 2015)
     R15 - Pro-rating personal and other allowances in the year of arrival in, and permanent departure from, Guernsey [449kb] (published 5 October 2017 and updated 17 March 2020)
     R16 - Exceptional days to be discounted for individual residence [430kb] (published 23 September 2020 and updated 11 May 2021)

  • Under Review
     C53 - Filing obligations for companies incorporated overseas but controlled in Guernsey [92kb] (published 19 January 2017) - under review to reflect changes to corporate residence.

  • If you require an earlier version of the Statements of Practice booklet, please contact the Revenue Service at revenueservice@gov.gg

• Dwellings Profits Tax

  • Dwellings Profits Tax ("DPT") is an anti-speculation tax on property purchases in Guernsey and Alderney.
  • DPT was suspended in Alderney with effect from 2008 - follow this link to view the relevant Ordinance.
  • DPT was suspended in Guernsey with effect from 2009 - follow this link to view the relevant Ordinance.

• Lloyds Underwriters

  •  Lloyds Underwriters [17kb]

• Appeals

  • against assessments  Appealing against an assessment [905kb] 
  • penalties  Appealing against a penalty for late submission of an income tax return [244kb]
•  

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