Tax Services

Corporate Tax Advice and Compliance

• Guernsey company tax returns and computations
• Quarterly distribution returns
• Advice on all aspects of Guernsey taxation, both for companies incorporated in Guernsey and overseas companies who may be tax resident in Guernsey
• Specialist tax advice on the economic substance requirements and corporate tax residence
• Dealing with enquiries and correspondence from the Guernsey Revenue Service
• Advice on the Employer’s Tax Instalment Scheme and social security contributions

Personal Tax Advice and Compliance

• Guernsey personal income tax returns and computations
• Dealing with enquiries and correspondence from the Guernsey Revenue Service
• Guernsey double taxation treaties – planning and interpretation
• Specialist tax advice on all Guernsey residency issues
• Advice on all aspects of Guernsey taxation
• Advice on all Guernsey tax matters relating to being a sole trader, a business owner or a partner in a partnership, and prepare the necessary tax computations

Clients require our taxation services for a wide variety of reasons including estate planning, asset protection or as part of the tax efficient structuring of their affairs. We are able to offer a first class UK tax compliance service to offshore entities, including:

Tax Compliance for Offshore Trusts

• The preparation of stockpiled gains calculations, including relevant income, offshore income gains and the matching of capital payments to such relevant income or gains
• Completion of the various relevant UK tax forms and computations and liaising with HM Revenue & Customs (this includes Trust Tax Returns, Inheritance Tax Returns and NRCGT returns)
• Registration of trusts under the UK Trust Register
• Estate and Inheritance Tax planning in consultation with a UK tax adviser

Tax Compliance for Offshore Companies and Funds

• The preparation of Annual Tax on Enveloped Dwellings (ATED) returns
• Calculation of UK Capital Gains Tax on sales of interests in UK property (NRCGT) and preparation of the appropriate returns
• The preparation and completion of other relevant UK tax forms, including non-resident company income tax returns and computations
• For offshore funds, initial application for reporting fund status with HMRC and preparation of annual reporting requirements, including drafting suggested reports to investors

• Expertise in global reporting standards such as FATCA and the Common Reporting Standard (CRS)
• Through our membership of Nexia International we have access to a global network of advisers