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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

How to complete a company questionnaire (46A1)

All newly incorporated Jersey registered companies are added to our system weekly via the Jersey Financial Services Commission.

Company questionnaires are printed automatically for completion.  Please complete the questionnaire as soon as you are able as reminders will follow.

Company questionnaires are not available to download.  If you require a duplicate, please contact the Taxes Office.

Section 1: Income tax

This section provides us with information on what category your company falls into.

The company is subject to the 0% corporate rate of tax

Most companies will fall under this category.  For example investment holding companies, J-Category property holding companies and trading companies.

The company is a financial services company and subject to the 10% rate

The Law defines a 'financial services company' as one registered, or holding a permit, by virtue of various Laws administered by the Financial Services Commission.  The following entities are the ones to which the 10% corporate rate of tax apply;

  • all entities carrying out banking business through a permanent establishment in Jersey, whether through a Jersey company, through a branch or through some other structure
  • all entities carrying on the business or trade of trust business through a permanent establishment
  • all entities carrying on investment business, independent financial advice and similar activities through a permanent establishment
  • all entities carrying on the business or trade of funds administrator or funds custodian through a permanent establishment

The company is in receipt of income from land, property and / or property development in Jersey and subject to the 20% tax rate

This includes all income from land, property, furnished letting, development and lodging houses in Jersey only.  From 2011 year of assessment profits from quarrying and similar activities are also included. 

Note the fact that a company receives income from land or property subject to tax at 20% does not alter the 'category' of company under which the company falls (ie the company itself can still be a 0% / 10% or 20% company)

The company is in receipt of income from the importation and supply of hydrocarbon oil and subject to the 20% tax rate on that income

This includes all companies involved in the importation of oil into Jersey.

The company is a utility company and subject to the 20% tax rate

Utility companies include water, electric, gas and telecoms.

The company is an annuity company which incorporates an approved Self-Administered Retirement Annuity Contract

This includes private pension companies.

The company is an 'intermediary services vehicle'

The legislation was introduced to cover situations whereby a company which receives a payment from a client in respect of services rendered by an individual, who is a member of that company, to the client under arrangements which were it not for the interposition of that company, the relationship would be one of employer and employee.

The company is incorporated in Jersey but its business is centrally managed and controlled abroad, is tax resident abroad and pays foreign tax of 20% or more

This includes Jersey registered companies, managed and controlled in the UK or elsewhere. 

Section 2: Nature of trade

Please state the proposed activity of the company

Section 3: Goods and Services Tax (GST)

For GST purposes what value of taxable supplies will the company be expecting to make in Jersey in the forthcoming 12 months? 

If the turnover is expected to be above £300,000 per annum you may need to separately register for GST.

When a businesss must register for GST​

Section 4: Income Tax Instalment System (ITIS) 

For ITIS purposes, approximately how many employees / working directors in Jersey will be in receipt of wages / remuneration from the company?

Once we have received the questionnaire we will set up a business record and issue the appropriate paper ITIS returns (depending on the declared number of employees).
  
If you wish to submit your ITIS returns electronically you can do this in two easy ways. 
 
 

As far as you are aware, will the company be offering any benefits in kind to Jersey resident employees or Jersey resident directors (office holders)?

Benefits may be defined as anything, not in the form of money, which an employee (and members of his / her family / household) receives from the employer either directly or indirectly, by virtue of their job.  A simple description is 'perks of the job' that are provided either free or at a cost below the rate normally paid.

What are benefits in kind?

Address for ITIS and / or benefits in kind correspondence if different to overleaf

If you would like ITIS returns and / or benefits in kind correspondence to be sent to a different address then please mark this in the box.​​

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