New Nimrod to appear in air show One of the new versions of Nimrod, flown by Guernsey's Own 201 Squadron, is due to join the Battle of Britain Air Display.
'Natural solution' for dump smell There is a natural solution to the bad smell from Guernsey's landfill site, according to one local company.
More housing licences for States The States issues itself more essential employment housing licences, while numbers reduce in most sectors.
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 allother 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.
Goldman Sachs fined £20m by FSA Wall Street banking giant Goldman Sachs is fined £20m by the UK's financial watchdog, the BBC learns.
Rig firms hit back at BP report Contractors who worked for BP on the ill-fated Deepwater Horizon oil rig criticise the company's report into the Gulf of Mexico oil spill.
Shoppers turning to card payments The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.
