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There have been number of social distanced conversations where people have asked whether they can claim against their tax bill for the additional expenses that they have incurred by working from home

Grant Thornton are pleased to share the results of their Channel Islands COVID-19 Business Impact Survey - A Guernsey focus

Grant Thornton launched a survey in association with the Jersey Chamber of Commerce to measure how local businesses are coping in the face of the COVID-19 pandemic.

Responding to Coronavirus COVID-19

One had to feel a little bit sorry for Rishi Sunak as he stood to deliver his first Budget. He has only been in office 5 minutes, Brexit in reality has only just started and he had been given the job because the previous Chancellor resigned on principle, and the one before was banished.

From 6 April 2020, there will be fundamental changes to the UK Tax treatment of non-resident landlord (“NRL”) companies.

There have been dramatic changes to the previously long standing Guernsey definition to determine which companies are considered Guernsey tax resident from January 2019.

The OECD’s latest proposals on taxing digital business pull back from the radical roadmap put forward in May to something much closer to the January policy note by proposing a modified residual profit split with benchmarking of routine profits.

At last the Tax Offices have issued the long awaited guidance notes. Unfortunately those expecting much actual substance within them will, we fear, be left disappointed. This alert is to ensure you are aware that the guidance have been finally issued. This will now allow us to help you plan for these changes.

As you will know from earlier news, Guernsey has been negotiating this year to formalise just what the EU’s requirements for ‘substance’ need to include. In addition to the overarching draft law issued last month which the States will debate and we expect to approve on 28th November, draft Regulations setting out much of the detail have also now just been published.

Yesterday's first Monday UK Budget for over 56 years was neither manic nor blue. The Chancellor tried to deliver an upbeat giveaway budget with a promise that the end to austerity was in sight and that this was a Budget "for hard working families". This theme continued throughout his speech.

We all know the UK government announced its intention to extend UK CGT to commercial property and all indirect property interests, and earlier this month we had the proposed details to review.

While Government’s key announcements in the Finance Bill and other recent changes aim to provide certainty for the real estate sector, uncertainty still remains.

A page to describe the changes that the Tax industry will have to make to accommodate Blockchain technology

A page to show the Criminal Finances Act that was released in September 2017

A page to show the tax alert that was released in August 2017