This article provides some context and summarises the changes to Guernsey's corporate tax regime and analyses some areas where directors and shareholders may need to be mindful of in the future.

Following all of the much publicised furore surrounding the recent changes by HMRC to the QROPS legislation (Qualifying Recognised Overseas Pension Scheme) and the subsequent stripping of all but three Guernsey schemes from the approved list, one could be forgiven for feeling a little lost as to what the position is now and where to go from here.

Collenette Jones is an independent Guernsey based firm of Chartered and Chartered Certified Accountants providing a high level of service to Bailiwick of Guernsey resident clients.