GIBA 2020 Review and Look Ahead to 2021
Guernsey’s response to the pandemic, as an island community and as employers, is one of which we should be proud, but if 2020 has taught us anything it is that we cannot be complacent.
Latest Information
GIBA Statement – The Guernsey Economic and Financial Stability Overview
GIBA welcomes the publication of the recent Economic and Financial Stability Overview by the States of Guernsey. It does, however, highlight the difficulty in true analysis.
Revenue Service Guidance on the Economic Substance Requirements and the implications of COVID-19
The Guernsey Revenue Service has published guidance on how economic substance requirements are affected by the various COVID-19 measures. As this is office Revenue Service guidance, it supersedes the guidance that GIBA published in March. We issued that guidance based on what we knew at the time, which did not include how the EU Code of Conduct Group viewed the impact of COVID-19 measures on substance requirements. The Revenue Service now know that and this is the official guidance based on their discussions with the Code Group.
We would recommend companies consider their own individual circumstances in light of this new information.
More information can be found here:
New Chief Minister – Media Statement
GIBA Congratulates Deputy Peter Ferbrache on his election to Policy & Resources Committee President
Click here to downloadBusiness Travel survey results
4th September 2020 – 55% say business travel by end of year is of ‘high’ importance.