YOUR CHAMBER Chamber Events Benefits Member 2 Member CONTACT MAGAZINE YBG International Directory OTHER EVENTS
Local News

Carers earning limits may be removed
Moves to remove earnings limits on carers and make benefits easier to claim are welcomed by a Guernsey carer.

Bid to delay debate on transport
A decision on a strategy aimed at reducing the number of cars on Guernsey roads could be delayed until the autumn.

Welfare law forces shelter upgrade
Guernsey's animal shelter is to undergo a "significant redevelopment" before new animal welfare laws are introduced.

Weather
Monday at 12:00 GMT: sunny. 8C (46F)
Temperature: 8C (46F), Wind Direction: WNW, Wind Speed: 11mph, Relative Humidity: 77%, Pressure: 1009mb, rising, Visibility: EX

Flight Times



DOUBLE TAXATION

You may recall that the Guernsey Tax authority and HMRC in the UK have come to an agreement amending the 1952 Arrangement. One of the effects of the amendment is that pensions and similar remunerations paid to someone who is resident of one of those territories are taxable only in the territory where the recipient resides. In other words, if someone lives in Guernsey and is in receipt of a UK pension, he or she may be able to arrange matters so that the pension is paid out gross (i.e. with no UK tax being deducted at source). The pension will then, however, be taxable in Guernsey in the usual way.

 

The information originally supplied to me suggested that this tax treatment was not available in respect of government service pensions. However, I have since been in contact with HMRC who have confirmed that, if a person is not resident or ordinarily resident in the UK, this should apply to government service pensions as well.

 

As the UK tax system works on Self Assessment it is incumbent on all people eligible under this agreement to apply using Form “DT/Individual” along with all other relevant information which are available by following the links below. If the form is not completed, UK tax will be deducted at source in the usual way. The form, once completed, has to be submitted to the Guernsey Income Tax Office, in accordance with note 4 to the form, so that they can certify that the person who has filled it in is resident in Guernsey for tax purposes.

 

Please note that this information is issued by way of general guidance only, and the Guernsey Chamber of Commerce does not accept liability for its contents. The Guernsey Chamber of Commerce is not qualified to give tax advice and any recipient of this note should obtain advice specific to his or her circumstances.

 

Form DT/Individual

Explanatory Memorandum

Statutory Instruments

 

 

Business News
Cost of recalls hits GM profits
General Motors sees first quarter profits hit by a $1.3bn charge to cover the cost of a huge recall of cars over defective ignition switches

Standard Life votes against Barclays
Standard Life Investments, a key institutional shareholder, votes against Barclays' plan to award higher bonuses to bankers despite a 30% fall in profits.

Alstom shares jump on GE bid report
Shares in French engineering company Alstom jump after a report that US multinational General Electric is in talks to buy Alstom for $13bn.

Business Directory
A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z
Suite 1
16 Glategny Esplanade
St Peter Port, Guernsey
GY1 1WN
Telephone: +44 (0) 1481 727483
Facsimile: +44 (0) 1481 710755
Email: office@guernseychamber.com

Subscribe to Newsletter