Guernsey, Channel Islands
Individual - Other taxes
Last reviewed - 28 June 2024Social 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 7.20% of their gross earnings, up to a monthly earnings limit of GBP 14,989.00 for 2024.
Employers are subject to social security at a rate of 6.90% of gross earnings, up to a monthly limit of GBP 14,989.00 per employee per month for 2024.
A self-employed individual is subject to social security at a rate of 11.90% of gross earnings, up to a maximum weekly contribution of GBP 411.62 for 2024.
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.