The Guernsey Revenue Service has published Guidance on the Economic Substance Requirements and the implications of COVID-19, date 25 November 2020. --- Revenue Service Guidance on the Economic Substance Requirements and the implications of COVID-19 The Revenue Service wishes to clarify that the official Revenue Service guidance on economic substance (see www.gov.gg/economicsubstance) has not changed. It is, however, recognised that the measures introduced to protect people's health may have caused some companies, subject to the Economic Substance Requirements, to have concerns regarding their ability to meet those requirements, because of the necessary changes to their normal operating practices. The Revenue...