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Taxation
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Taxation
The States of Guernsey (Guernsey's Parliament) delegates virtually all executive tasks to Departments' having responsibility for particular areas of government. States Income Tax is a part of the Treasury & Resources Department and is responsible for the collection of tax and the enforcement of the taxation legislation. The care and management of the Income Tax Law is the responsibility of the Director of Income Tax.
For income tax purposes, Guernsey comprises all the islands in the Bailiwick, except Sark (including Breqhou) and Jethou.
Up to and including 2007, companies and individuals paid income tax at the rate of 20%. From 2008 (2013 where marked with an *) onwards, whilst individuals continue to pay tax at 20%, there are three rates for companies, depending upon the source of income. The rates are:
Company Standard Rate - 0% (income from businesses, offices and employments and other sources)
Company Intermediate Rate - 10% (income from banking business, domestic insurance business*, fiduciary business*, insurance intermediary business* and insurance manager business*).
Company Higher Rate - 20% (income from trading activities regulated by the Office of the Director General of Utility Regulation, and income from the ownership of lands and buildings).
The Income Tax (Zero 10) (Deemed Distributions) (Repeal) (Guernsey) Ordinance, 2012 repealed the deemed distribution provisions with effect from 1 January 2013. From 1 January 2013, actual distributions shall be deemed to have been made from the company's undistributed income and only from the company's other income (i.e. pre 2008 income, post 2008 income taxed at 20% or more reserve pools) and capital to the extent that the company's undistributed income is insufficient to cover the amount of the distribution, in accordance with section 81B(17).
There is no separate corporation tax. Guernsey levies no capital gains, inheritance, capital transfer, value added (VAT / TVA) or general withholding taxes.
The Director has issued the following additional guidance regarding the Guernsey Disclosure Facility (which is only available to UK taxpayers) and further advice for any Guernsey residents who have concerns that they may have submitted income tax returns which are incorrect or incomplete click here
Income Tax Office contact numbers
Income Tax Office | Tel : +44 1481 724711 Fax : +44 1481 713911 Email : enquiries@tax.gov.gg |
Individuals in employment - assessment queries | Direct tel : +44 1481 740123 |
Payment enquiries | Direct tel : +44 1481 740202 |
Employer's ETI enquiries | Direct tel : +44 1481 740440 |
| EU Savings Directive issues | Direct tel : +44 1481 705745 |
Online services enquiries | Email : eformsquery@gov.gg |
Guernsey tax evasion hotline | Direct tel : +44 1481 747900 Email : hotline@tax.gov.gg |
Penalty enquiries | Email : penaltyqueries@tax.gov.gg |
The Tax Office switchboard will be closed every Thursday during 2013.
Document downloads
Complaints Procedure
Your rights to make a complaint
Threatening Behaviour
Income Tax Office policy
The Director (Income Tax)
(Opening Hours - 8.30am to 4.00pm Mon- Fri) , Income Tax Office, PO Box 37, 2 Cornet Street, St Peter Port, GY1 3AZ, GuernseyTel: +44 1481 724711 Fax: +44 1481 713911
Email: enquiries@tax.gov.gg
