Guernsey, Channel Islands

Social security contributions

Both employers and employees are subject to social security based on employees’ gross earnings.

Employees are subject to social security at a rate of 7.0% of their gross earnings, up to a monthly earnings limit of GBP 14,040 for 2023.

Employers are subject to social security at a rate of 6.8% of gross earnings, up to a monthly limit of GBP 14,040 per employee per month for 2023.

A self-employed individual is subject to social security at a rate of 11.6% of gross earnings, up to a maximum weekly contribution of GBP 375.84 for 2023.

Consumption taxes

Value-added tax (VAT)

Guernsey does not operate a VAT or goods and services tax (GST).

Net wealth/worth taxes

There are no net wealth/worth taxes in Guernsey.

Inheritance tax

There is no inheritance tax in Guernsey.

Document duty

See the Other taxes section in the Corporate tax summary for more information.