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Policy & Resource Plan published with Medium Term Financial Plan and capital investment update
Monday 22 May 2017

The Policy & Resource Plan has been published today, for debate in the States of Deliberation starting on 27 June.

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Final surplus of £25m confirmed
Friday 19 May 2017

Public finances for 2016 have been finalised, with an increased final surplus of £25m recorded.

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Men ACWY vaccine
Friday 19 May 2017

Meningococcal ACWY (Men ACWY) Vaccine is being offered to young people born between 01.09.98 and 31.08.99 who are no longer in education in Guernsey.

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Coming soon – a map of events, hazards and other useful information
weather iconRather cloudy. Some bright or sunny intervals. Mist or fog patches, mainly from early afternoon, becoming more extensive this evening.
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weather iconRather cloudy. Some bright or sunny intervals. Mist or fog patches, mainly from early afternoon, becoming more extensive this evening.
High16°CLow12°C
5 day forecastTide timetables


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ChannelChief Jersey 06:30 05:45E 


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ChannelChief Jersey 07:30  
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Mail/Newspapers06:302017-05-23MailNPT22G


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Aurigny06:502017-05-23ManchesterGR670
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Income Tax (Guernsey) (Amendment) Ordinance, 2017

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P.2017/33

The States are asked to decide:-

Whether they are of the opinion to approve the draft Ordinance entitled "The Income Tax (Guernsey) (Amendment) Ordinance, 2017", and to direct that the same shall have effect as an Ordinance of the States.

This proposition has been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees.

EXPLANATORY MEMORANDUM

This Ordinance exempts from charge to Guernsey tax, distributions from the accumulated profits of a company which is not incorporated in Guernsey, and which has not carried on business in Guernsey whether through a permanent establishment or otherwise, nor been used to hold Guernsey investments (other than bank deposits), which arose prior to the date the beneficial member of that company becomes resident in Guernsey, providing the individual has a beneficial interest in the company of 1% or more; and the distribution is made by the end of the second full year of charge since the individual became resident.  It also empowers the Committee to prescribe by regulation any limitations, conditions, restrictions and qualifications it considers necessary.

 

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Income Tax (Guernsey) (Amendment) Ordinance, 2017

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