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Guernsey rejects GST

  • VAT
  • 27 March 2015 | Richard Asquith

Guernsey rejects GST

State Deputies this week voted against the introduction of a 5% Goods & Services Tax in Guernsey. The consumption tax would have raised around £50 million per annum.

Guernsey is part of the Channel Islands.  Jersey, the other large island forming part of British Crown dependency, introduced GST in 2012. Its rate is now 5%.  The Channel Islands are not part of the United Kingdom, and are not subject to UK VAT.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.