Income Tax Archives - Channel Eye

Oakglen Wealth launches inheritance tax solution with Toscafund Management

Tim Bullock — Wed, 26 Jun 2024 08:50:11 +0000

Oakglen Wealth, the independently owned wealth manager, has partnered with Toscafund Asset Management LLP, a specialist investment manager with approximately $2.5bn of assets under management, to launch an inheritance tax (IHT) solution providing an Alternative Investment Market portfolio service. The partnership will allow Oakglen to invest into qualifying smaller companies listed on the Alternative Investment […]

Source: Channel Eye - Full story: 'Oakglen Wealth launches inheritance tax solution with Toscafund Management'.

First published by Channel Eye on 26 June 2024 at 08:50 GMT.

Guernsey businesses support proposed income tax rise as alternative to GST

Sue Fitzgerald — Tue, 10 Oct 2023 08:30:13 +0000

The Confederation of Guernsey Industry has come out in support of Deputy Lyndon Trott’s suggestion to scrap the proposed introduction of GST and instead raise income tax. The call follows Deputy Trott’s (pictured) statement last month that he ‘wouldn’t personally hesitate in raising the basic rate of personal income tax’, citing it as pragmatic and […]

Source: Channel Eye - Full story: 'Guernsey businesses support proposed income tax rise as alternative to GST'.

First published by Channel Eye on 10 October 2023 at 08:30 GMT.

Changes in tax rules will affect island residents with UK interests

Tim Bullock — Fri, 18 Nov 2022 12:04:12 +0000

Mark Savage, Tax Director at BDO in Guernsey has shared his insight with Channel Eye on the UK Government’s autumn statement. The point at which the top rate of tax on UK-derived income has fallen by £24,860 Inheritance and other tax thresholds are frozen at current value despite inflationary environment UK government announces a reduction […]

Source: Channel Eye - Full story: 'Changes in tax rules will affect island residents with UK interests'.

First published by Channel Eye on 18 November 2022 at 12:04 GMT.

Jersey’s Government Plan and the proposed budget changes – how it will impact you

Tim Bullock — Tue, 21 Sep 2021 14:44:44 +0000

Jersey’s Government Plan 2022-2025 has been published and ‘meets the commitments made in the Common Strategic Policy, which was developed by the Council of Ministers in 2018’. It brings together revised spending and investment plans to support the five strategic priorities, and addresses legacy issues like the new hospital, government headquarters, Fort Regent and IT […]

Source: Channel Eye - Full story: 'Jersey’s Government Plan and the proposed budget changes – how it will impact you'.

First published by Channel Eye on 21 September 2021 at 14:44 GMT.

Guernsey explores options for changing taxation. Could GST be on the way?

Tim Bullock — Mon, 02 Aug 2021 05:10:47 +0000

Guernsey’s Policy and Resources Committee has outlined three options to be considered for changing the income tax structure. The Tax Review has been carried out against the backdrop of both immediate and long-term financial pressures. Its aim is to ensure that Government finances are sustainable and seeks to answer the question ‘If it is necessary […]

Source: Channel Eye - Full story: 'Guernsey explores options for changing taxation. Could GST be on the way?'.

First published by Channel Eye on 2 August 2021 at 05:10 GMT.

New online portal for Guernsey’s 2020 personal tax return

Tim Bullock — Thu, 06 May 2021 09:29:50 +0000

The Guernsey 2020 personal tax return is now available via a new online portal. The Revenue Service say that they have listened to customer feedback and made some key enhancements to allow an easier and faster tax return completion process. There is now an estimated liability calculator which will tell you if you will receive […]

Source: Channel Eye - Full story: 'New online portal for Guernsey’s 2020 personal tax return'.

First published by Channel Eye on 6 May 2021 at 09:29 GMT.

Are you temporarily working in Guernsey? You could be liable for tax

Reece Mackie — Mon, 22 Feb 2021 17:09:37 +0000

Guernsey’s Revenue Service is advising people who have chosen to temporarily work for their UK employer from Guernsey during the pandemic, that basing themselves in the Island may have implications for their personal tax situation. If an individual spends more than 90 days in Guernsey in any calendar year, then they are resident for tax […]

Source: Channel Eye - Full story: 'Are you temporarily working in Guernsey? You could be liable for tax'.

First published by Channel Eye on 22 February 2021 at 17:09 GMT.

Guernsey extends 2019 income tax returns deadline

Reece Mackie — Wed, 27 Jan 2021 15:42:31 +0000

Guernsey’s Revenue Service is further extending the deadline for 2019 income tax returns from 28 February 2021 to 31 March 2021. The change in date is in recognition of the impacts the latest Covid-19 restrictions are having on many Islanders and businesses. Some corporate customers have also experienced technical difficulties in using the online corporate […]

Source: Channel Eye - Full story: 'Guernsey extends 2019 income tax returns deadline'.

First published by Channel Eye on 27 January 2021 at 15:42 GMT.

Changes mean many Jersey tax payer’s 2019 income tax not due until 2025

Tim Bullock — Fri, 20 Nov 2020 12:39:44 +0000

Following Jersey’s States Assembly vote to move all Prior Year Basis (PYB) taxpayers to Current Year Basis (CYB), Revenue Jersey is writing to affected Islanders to update them. The letters, to PYB and pay on account taxpayers, will arrive over the coming days and will confirm the change and set out the next steps. The […]

Source: Channel Eye - Full story: 'Changes mean many Jersey tax payer’s 2019 income tax not due until 2025'.

First published by Channel Eye on 20 November 2020 at 12:39 GMT.

Does being locked down in France make you a tax resident? BDO advise

Tim Bullock — Tue, 27 Oct 2020 16:37:34 +0000

The pandemic has meant, for many, being in lockdown in a different jurisdiction to their habitual place of residence. For most it was not a question of choice, but in some cases spending lockdown in France was a preferred option which could potentially lead to becoming inadvertently treated as a French tax resident. Earlier this […]

Source: Channel Eye - Full story: 'Does being locked down in France make you a tax resident? BDO advise'.

First published by Channel Eye on 27 October 2020 at 16:37 GMT.