Guernsey – Changes to Filing Dates

As a result of the current lockdown in Guernsey certain tax and regulatory filing deadlines have recently changed:

  • The Guernsey Revenue Service has further extended the due date for the 2019 corporate and personal income tax returns to 31 March 2021; and
  • The Guernsey Financial Services Commission (“GFSC”) has relaxed late filing fees for all regulatory returns that are due between 9 February 2021 and 30 June 2021. The filing due dates remain unchanged, but the GFSC has confirmed that it will not charge late filing fees or take other regulatory action solely for returns that are less than two months overdue.

Crucially, new data protection registrations for all local companies, businesses and sole traders who handle any personal data are still due by 28 February 2021 so those who have not yet registered with the Office of the Data Protection Authority must do so by that date.

Whilst in previous years annual validations for companies were typically due in January and February, the annual validation due dates for companies were changed in November 2020 and are now due between 1 June 2021 and 31 July 2021 for companies incorporated before1 May 2021.

Annual validations for limited partnerships (“LPs”) and limited liability partnerships (“LLPs”) and annual renewals for foundations remain due between 1 June 2021 and 30 June 2021 for LPs, LLPs and foundations registered before 1 May 2021.

Walkers has a dedicated Regulatory & Risk Advisory Group that can offer bespoke legal advice and guidance in connection with financial regulation, economic substance requirements and corporate tax.

Matt SandersManaging PartnerT +44 (0) 1481 748
Kate StoreyPartnerT +44 (0) 1481 748
Chris Hutley-HurstSenior CounselT +44 (0) 1481 758