Is Guernsey in the EU for VAT?
Is Guernsey in the EU for VAT? There's no VAT on Guernsey as Guernsey is outside the EU. If you import items from Guernsey into the UK you may be liable to pay the VAT and any duty on them when you enter the UK. yes and no!
Why is there no VAT in Guernsey?
Under this agreement the Channel Islands were not part of the European Union but were part of the customs territory of the union. This meant they did not charge VAT on purchases but there was a free movement of industrial and agricultural goods in trade between the Islands and the Union.
Is Jersey or Guernsey tax free?
About Jersey tax You'll pay tax on income, goods and services, but there's no capital gains or inheritance tax. The maximum personal tax rate is 20%, and we also have exemption thresholds and a marginal rate of tax to protect people on lower incomes.
What islands are a tax haven?
Several Caribbean countries are known for their reputation as tax havens, including the Cayman Islands, Bahamas, British Virgin Islands, Dominica, Nevis, Anguilla, and Barbados.