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 7.4% of their gross earnings, up to a monthly earnings limit of GBP 15,717.00 for 2025.

Employers are subject to social security at a rate of 7.0% of gross earnings, up to a monthly limit of GBP 15,717.00 per employee per month for 2025.

A self-employed individual is subject to social security at a rate of 12.2% of gross earnings, up to a maximum weekly contribution of GBP 442.49 for 2025.

Consumption taxes

Value-added tax (VAT)

Guernsey does not operate a VAT or goods and services tax (GST). Proposals to implement GST in 2027 were included in the 2025 Budget.

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.