The contents of all Statements of Practice issued by the Administrator, with effect from 1 January 2008, have been, and any changes to the contents will be, discussed with the Statements of Practice Working Party (which consist of representatives from the Income Tax Office and the Taxation Sub-Committee of the Guernsey Society of Chartered & Certified Accountants) and are notified to the Treasury & Resources Department before the Statement is published/revised.  Some Statements may make cross-references to other Statements of Practice.  As work on the Statements of Practice is still currently ongoing, some of these cross-references may, at present, be to Statements which have not yet been published.

Also with effect from 1 January 2008, Statements of Practice issued by the Administrator should be read in conjunction with section 204 of the Income Tax (Guernsey) Law 1975, as amended.

29 February 2008