Please find below updates from the Revenue Service that may impact you as an individual.
Independent Taxation is coming in 2023
To read more about Independent Taxation and the changes, please go to: gov.gg/independent-tax
You can also read the media release about Independent Taxation coming into effect in 2023.
The Revenue Service (in consultation with members of the Guernsey Society of Chartered and Certified Accountants and industry bodies where appropriate) are currently reviewing all the published Statements of Practice (SoPs) with a view to ensuring that they are still relevant and are issued in accordance with the Income Tax (Guernsey) Law 1975 (the Law).
The following SoPs cease to have effect from 1 January 2022:
E2 - Uniform Cleaning Allowances
E3 - Nursing Staff: deduction for replacement shoes ceases, deduction for subscription remains
E6 - Payments to Employees Passing Professional Examinations
E40 - Employees on Secondment
E2 and E3 have been withdrawn as a lot of uniforms that used to require dry cleaning (which was the reason the allowance was given) no longer need to be cleaned that way. Nurses are also no longer required to wear specific shoes so the allowances given, to cover their additional costs in getting this footwear, is no longer relevant. The payments for passing professional examinations, which is as a direct result of employment, is taxable and should be recorded on quarterly schedules. E40 for employees on secondment does not follow legislation and so this has also ceased.