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Guernsey Economic Substance Draft Regulations and Initial Guidance

As announced by the President of the Policy and Resources Committee in his Budget Speech on 6 November 2018, Guernsey has today published, in draft, The Income Tax (Substance Requirements) (Implementation) Requirements, 2018 (“the Regulations”) which it is intended will impose increased substance requirements on certain […]

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Deloitte Corbet Cup and Shield Kick-Off

The first round of Deloitte Corbet Cup and Shield matches have been played this season, with 13 teams taking part in the league. The under-12 tournament has 221 players across the two divisions, with six teams taking part in the Deloitte Corbet Cup and seven in […]

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Deloitte Substance Seminar Provides Clarity on New Tax Requirements

Ahead of the additional EU substance requirements coming into force from 1 January 2019, Deloitte’s recent client seminars in Guernsey and Jersey examined what these new rules will mean to Channel Islands tax resident companies. The event set out to examine which companies are impacted, secondly […]

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Guernsey – fit for purpose, fit for the future

John Clacy, Partner, Deloitte shared his vision of Guernsey’s place in the world and the future of its financial services industry in a recent Guernsey Press supplement; he says: ‘I believe Guernsey has a fantastic future ahead of it. ‘The world needs a stable, well-regulated, transparent […]

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Economic Substance in the Crown Dependencies – Next Steps

In June of this year, the EU published details as part of the ongoing negotiations between the EU Code of Conduct Group and the Crown Dependencies (CDs) on the future “economic substance” requirements for companies resident in Jersey, Guernsey, and the Isle of Man. As we […]

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Tax Bulletin 2018 Crown Dependencies Sign New Double Tax Agreements With The UK

It was back in the 1950s that the original double tax arrangements (‘DTAs’) between the UK and the Crown Dependencies came into force, and they have largely remained the same ever since. On Monday of this week, government representatives from Jersey, Guernsey and the Isle of […]

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Advisory Partner Promotion for Deloitte Guernsey

Deloitte has announced the promotion of Alex Adam to partner. Mr Adam leads the advisory team and has achieved phenomenal growth in the last four years, tripling revenues over that time. As partner, he will continue his responsibility for the firm’s advisory services, increasingly growing these […]

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International Tax Seminar Focuses on Transparency and Substance

Deloitte UK’s Head of Tax Policy and former President of the UK Chartered Institute of Taxation was in the island last week to talk about international tax changes and their potential impact on Guernsey. Bill Dodwell was joined by Deputy Gavin St Pier, who updated the […]

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‘The Best Form of Defence is Defence’ Warns Cyber Expert

An information security expert was in the Channel Islands this week to advise non-executive directors on the topic of cyber security. Adam McElroy, Deloitte UK Lead for Identity & Access in Financial Services, spoke to NEDs as part of the Channel Islands NEDs Forum. His session […]

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Amazing Women Celebrated on International Women’s Day

Last night’s International Women’s Day celebrations included a reception at the Amazing Women exhibition, hosted by Deloitte. Through her portraits of high-profile women, including Dame Mary Perkins, Sasha Kazantseva-Miller, Sarah Griffiths MBE, Valerie Winn and the Revd Linda Le Vasseur, the artist Olympia McEwan has highlighted […]

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