Tax news


New tax deal cannot come soon enough

CONTAGION is the buzzword of the world’s newspapers at present – and it has nothing to do with the latest Matt Damon film about a deadly pandemic.


UK tax deal with Swiss is worth keeping an eye on, say experts

A DEAL between HMRC and the Swiss authorities to collect unpaid taxes from UK taxpayers has come under attack.


Changes are less taxing for taxman

EXTENDING the deadline for tax returns and imposing an immediate automatic penalty for late one will make the process less administratively intensive, Treasury and Resources has said.


Progress – but more to be done

THE pressure that faces UK Chancellor George Osborne to come up with a Plan B approach to the UK economy provides a counterpoint to the situation this island finds itself in.


Game ‘is over’ for Crown Dependencies

THE three Crown Dependencies are in danger of going bankrupt, tax avoidance campaigner Richard Murphy claimed yesterday.


Exchange deal sees Guernsey outrank Jersey

GUERNSEY has been ranked ahead of Jersey in a new penalty regime introduced by HM Revenue & Customs.


‘Island would benefit from more double-taxation deals’

DEVELOPING a network of double taxation agreements with other countries will assist Guernsey in the movement of capital and assets between the jurisdictions, according to one expert.


UK’s simpler tax of long-term help

PLANS to make taxation simpler for investors, businesses and consumers in the UK could benefit Guernsey in the long run, according to a local tax expert.


Don’t bully Alderney over GST

CONCERNS in Alderney that a Guernsey decision to introduce a VAT-style tax could force the northern island to do so as well raises some interesting possibilities.


CGT hike timing ‘disappointing’

IT IS disappointing that the UK’s rate of capital gains tax was changed part-way through the year, Deloitte senior manager Paul Blackwell has said.

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