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Income tax in Jersey

The subject of income tax is complex. Therefore if you want authoritative and up to date information about any aspect of tax in Jersey, you should contact the Income Tax Office or refer to their website at www.incometax.gov.je.

For a basic overview on tax in the Island, read on...

Who has to pay?
- Anyone who receives income from within Jersey.
- Anyone who resides in Jersey is liable to tax on overseas income as well as Jersey source income.
- Definitions of residence may be complex and individuals should refer to the tax office for confirmation of their status

General information
In January tax return forms are issued to individuals asking for details of their income, deductions and allowances for the previous year. Assessments should be completed before the end of August. In September notices of assessment are issued. These show the amount of income tax due based on what income has been assessed, deductions and allowances granted. The tax, at a rate of 20%,is payable immediately. Failure to pay the tax bill will result in a hefty fine.

Tax exemptions, allowances and appeals
Exemption limits and allowances are reviewed annually according to your income and personal circumstances, of which you should notify the tax office of any changes. When you get a notice of assessment check it thoroughly as a notice of appeal must be made within 40 days. To find out more about tax exemptions, allowances and appeals, click on the Income Tax Department website link below.

For further articles and information on issues related to tax visit our Jobs and Money website.

This article updated: 2004/07/09 11:34:51

article © Guiton Group. website © 2004 Guiton Group

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