Gary Todd leaves KPMG to accept tax partner job with EY Jersey

 In Ernst Young, EY, KPMG, States of Jersey Taxes Office

Gary Todd has joined EY Jersey from KPMG.

Mr Todd, a specialist in Jersey financial services tax, will work alongside Neil Oliver providing clients with a wide-ranging service offering across the local, UK and international tax arenas.

Gary joins a growing Ernst & Young team and brings with him extensive knowledge of local tax, gained from 25 years’ experience at the States of Jersey Taxes Office. During this time he was involved in policy development and revising Jersey’s tax law.

Five years ago Gary made the transition from the public sector to KPMG.

“This is a time of great change for the Island as Jersey’s corporate tax system comes under review,” said Gary.

“As we await the launch announcement for the zero-ten policy consultation document this is a welcome opportunity to examine where Jersey is and ensure that we have the right tax system for Jersey.”

A Jerseyman, upon finishing his schooling in the island, Gary joined the Jersey Tax Office in 1979. Having qualified as a Chartered Tax Adviser (CTA) in 1998, he successfully worked his way up to the position of Fiscal Policy Director.

This role came at a time of much development for the island and its taxation policies including the Income Tax Instalment System (ITIS), the taxation of benefits in kind, penalties for late filing of tax returns and restriction of interest paid. He was also involved in the initial stages of planning zero-ten as the States began to formulate its policies, so is particularly well placed to understand the implications of any changes.

Channel Islands’ managing partner, Andrew Dann said: “Gary’s appointment is a reflection of our dedication to providing the highest levels of service in response to the growing demand for expert advice.

“This is a time when the Channel Islands are seeing historic changes to their corporate tax regimes as well as enormous changes to the tax legislation within the UK. Gary will provide clients with the insight, advice and guidance they require not only at a corporate level but also with regards to personal tax implications, drawing on his extensive experience and expertise of Jersey tax.”

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