Guernsey, Channel Islands
Individual - Other taxes
Last reviewed - 30 June 2023Social 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.