Income Tax (Guernsey) (Amendment) Law, 2007

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PROJET DE LOI

ENTITLED

The Income Tax (Guernsey) (Amendment) Law, 2007

THE STATES, in pursuance of their Resolution of the 27^th June, 2007[a], have approved the following provisions which, subject to the Sanction of Her Most Excellent Majesty in Council, shall have force of law in the islands of Guernsey and Herm.

Amendment of Law of 1975.

1. The Income Tax (Guernsey) Law, 1975, as amended[b] ("the Law of 1975") is further amended as follows.

2. In section 61 of the Law of 1975[c] in the proviso -

(a) after the words "Provided that no repayment shall be made" insert "or credit given", and

(b) after the words "for every year of charge prior to that year of charge." insert "For these purposes an interim assessment made under s.73(2)(a) is not a determination.".

3. After section 81A(3)[d] of the Law of 1975 insert the following subsection -

"(3A) For the avoidance of doubt if any income from which tax has been deducted has not been included in any assessment of tax made under section 73(2)(a) then the tax deducted from such income shall not, under subsection (3), be applied towards the payment of tax due from that assessment."

Citation.

4. This Law may be cited as the Income Tax (Guernsey) (Amendment) Law, 2007.

Commencement.

5. This Law shall have effect, by virtue of the States' resolution of the 27^th June 2007[e], under and subject to the provisions of the Taxes and Duties (Provisional Effect) (Guernsey) Law, 1992[f], on and from the 27^th June 2007, as if it were a Law sanctioned by Her Majesty in Council and registered on the records of the Island of Guernsey.

[a]	Article I of Billet d'État No. XVI of 2007.
[b]	Ordres en Conseil Vol. XXV, p. 124; Vol. XXVI, pp. 146, 200 and 292; Vol. XXVII, pp. 84, 118, 200, 333 and 565; Vol. XXVIII, pp. 184, 278, 353 and 409; Vol. XXIX, p. 214; Vol. XXXI, pp. 406 and 473; Vol. XXXII, p. 307; No. IV of 1991; No. VI of 1992; No's. IV and VIII of 1993; No. XXV of 1994; No's. III and VII of 1995; No. V of 1996; No's. IV and XXII of 1997; No's. II and VI of 1999; No. IV of 2000; No's. VI and XVII of 2001; No. VII of 2002; No's. IV, XVIII and XXVI of 2003; No's. XII and XVI of 2004; No's. V, VI and XVII of 2005; and No's. II and VII of 2006; also amended by the Machinery of Government (Transfer of Functions) (Guernsey) Ordinance, 2003 (No. XXXIII).
[c]	The proviso to section 61 was substituted by Vol. XXVI, p. 200.
[d]	Section 81A(3) was inserted by Vol. XXVII, p.118 and amended by Vol. XXXII, p.307
[e]	Article I of Billet d'État No. XVI of 2007.
[f]	Order in Council No. XI of 1992.