Guernsey Income Tax amnesty raises more than £2m

More than £2m has been added to Guernsey's treasury by an amnesty run by the island's Income Tax Office.

The Income Tax Irregularities Scheme ran from 1 January to 31 March 2011 and allowed taxpayers to sort their affairs without facing a fine or prosecution.

There were 153 registrations under the scheme, 18 of which are still being settled, totalling £8.7m that had not been previously disclosed.

The tax and late payment surcharges on this amount totalled £2.4m.

Rob Gray, director of Income Tax, said: "In the context of the size of Guernsey's annual tax collections, to me that makes ITIS a resounding success."

Mr Gray said anyone who was found to have an incomplete or incorrect tax return for any year prior to the calendar year 2011 should expect to face a minimum penalty equal to the amount of tax avoided.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey

Weather

Guernsey Airport

Min. Night 14 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.