Both Guernsey and Jersey have voluntarily committed to adhering to the EU’s Code of Conduct on Business Taxation, which was established in 1999. The EU’s Code of Conduct Group periodically conducts reviews of the tax regimes in individual Member States, and other jurisdictions like the Channel islands that have subscribed to the Code principles, in order to identify any harmful tax practices. Jersey’s zero-ten tax regime was reviewed in 2011 and on 19 December EU Finance Ministers (ECOFIN) approved conclusions which confirmed that Jersey’s regime, as amended in July 2011, was Code compliant. Guernsey’s zero-ten regime is being reviewed by the Code Group in 2012.
Parliaments of the Bailiwicks of Guernsey and Jersey approve in principle the inclusion of the Channel Islands in the UK/EU Trade and Cooperation Agreement
On 27 December 2020, the three Parliaments of the Bailiwick of Guernsey (The Guernsey States …