The recording of GST Plus Explainer is now live. This session offers a clear breakdown of the government’s corporate tax reform consultation, the option under consideration and what this could mean for you and your business.
Background
In November 2024, the States of Deliberation agreed to carry out the necessary preparatory work to implement significant changes to the way taxes should be collected in Guernsey to deliver a net increase in tax revenue of around £50m. This is known as the Goods and Services Tax plus personal income protections package. Additionally, following the 2025 General Election the Policy & Resources Committee agreed to launch a Tax Review Sub-committee to look at alternative options to the introduction of the GST plus personal income protections package, such as reviewing corporate tax.
More information is available here Tax reform – States of Guernsey
Responding to the Corporate Tax Consultation
The Tax Review Sub-committee has published a consultation seeking feedback on a range of corporate tax options under consideration. While primarily aimed at businesses, and therefore the questions are necessarily technical in nature about the potential implications of further corporate tax reform, the Sub-committee is keen to hear from anyone who feels they have relevant feedback on the options being considered.
The consultation has been designed with this in mind, as responses can be submitted to any questions the respondent wishes rather than all needing to be completed.
The consultation can be found at Consultation on Options under consideration for the Taxation of Company Profits. You can Watch, Learn and Have Your Say on Corporate Tax Reform – Webinar Recording Available.
The deadline for submissions is 27 February 2026.
