Dear Colleague Welcome to HSBC Bank - HSBC careers site

1.4.10.2 Tax and Social Security in Jersey
Social Security will be deducted from your pay each month and paid directly to the
States of Jersey Employment and Social Security Department. The amount deducted
will be in accordance with the rate set by the States of Jersey from time to time.
The tax year in Jersey runs from 1 January to 31 December each year. The standard
rate of income tax varies according to personal circumstances and is payable by all
individuals resident in Jersey for tax purposes. Employees will pay income tax on gross
income less admissible charges, certain personal allowances and reliefs.
Income tax will be deducted from your pay on a monthly instalment basis. Each year
the bank will submit a tax return to the Comptroller of Income Tax advising them of
your total earnings, tax deductions and allowances for the previous tax year. A notice of
assessment will be issued to you once your income tax return has been submitted.
If you need to communicate with the Comptroller of Income Tax quote your tax
reference and forward correspondence to:
The Comptroller of Income Tax
PO Box 56
Cyril Le Marquand House
The Parade
St Helier
JE4 8PF
Tel: 01534 440 300
1.4.10.3 Tax and Social Insurance in Guernsey
Social Insurance will be deducted from your pay each month and paid directly to the
States of Guernsey Social Security Department. The amount deducted will be in
accordance with the rate set by the States of Guernsey from time to time.
The tax year in Guernsey runs from 1 January to 31 December each year. The standard
rate of income tax varies according to personal circumstances and is payable by all
individuals resident in Guernsey for tax purposes. Income tax will be deducted from
your pay on a monthly instalment basis.
Each year the bank will submit a tax return to the Guernsey Tax Authorities advising
them of your total earnings, tax deductions and allowances for the previous tax year.
You will be required to provide the bank with a completed personal tax assessment
form detailing your annual earnings for the previous tax year. This assessment will be
compared with the information submitted to the Guernsey Tax Authorities by the bank.
If you need to communicate with the Administrator of Income Tax quote your tax
reference and forward correspondence to:
The Administrator
Income Tax Office
PO Box 37
2 Cornet Street
St Peter Port
10