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“Inherited wealth” may become one of the most scrutinised phrases of the next two decades.
Grant Thornton Channel Islands has had a strong start to 2026 in the forensic investigations space
Investing in gender equality is a proven driver of performance and a competitive advantage.
The 2024 Corporate Tax Return and the 2024 Combined Partnership Notifications are both now live and are due for submission by midnight on Sunday, 30th November 2025.
The deadline for submitting the 2025 annual confirmation to the Jersey Financial Services Commission (JFSC) is fast approaching.
The 2025 edition of this publication has been updated for changes to International Financial Reporting Standards (IFRS) that have been published between 1 January 2024 and 31 December 2024.
Entities should begin preparing for IFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later.
According to data in the World Economic Outlook (WEO) report issued by the International Monetary Fund (IMF) in October 2024, and based on economic conditions that currently exist, certain countries are now considered to be hyperinflationary from 31 December 2024.
The dust is continuing to settle on what was an all-encompassing first budget delivered by Rachel Reeves, which saw the most widespread changes ever to the UK taxation of UK resident non-doms (still a current term until 5 April 2025!) and the trust structures they are connected to, many of which you administer.
The Government’s economic objective is to build a strong economy and fair society, where there is opportunity and security for all... as long as you are a working person (which seems not to include employers, entrepreneurs, the middle class, the wealthy or foreigners).
It is less than two weeks now until 30 October 2024 when the UK Chancellor, Rachel Reeves, will outline Labour’s economic and fiscal plans in the 2024 Autumn Budget to Parliament.
Guernsey is a self-governing island located in the English Channel offering an excellent standard of living in addition to favourable tax rates. Guernsey does not levy capital gains tax, inheritance or wealth tax.
“We simply don’t take enough in tax to fund the public services our community demands” says Lyndon Trott, president of the policy and resources committee (‘P&R’).
Over the last three years Channel Island financial services firms are increasingly having to deal with assets "stranded" within structures due to sanctions.
As technology continues to advance at a breakneck pace, so too do the methods employed by fraudsters. In most instances our involvement as forensic accountants unfortunately occur after the fraud has been committed, but prevention strategies to combat fraud happening should not be overlooked.
The International Accounting Standards Board (IASB) regularly publishes new International Financial Reporting Standards (IFRS), Interpretations of Standards (IFRIC) or amendments to existing IFRS Standards.
Following their landslide election victory, the new Labour government will be keen to implement the policies which were included in their election manifesto and backed up by various key speeches from senior party members.
Now more than ever, Revenue Jersey are carrying out a variety of compliance based activities in an effort to minimise Jersey’s tax gap and raise additional revenue for the island.
The International Accounting Standards Board (IASB) has issued amendments to IFRS 9 ‘Financial Instruments’ and some amendments have also been made to IFRS 7 ‘Financial Instruments: Disclosures’, following a post-implementation review (PIR) of IFRS 9.