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Income Tax (Eligible Investment Schemes) (Application Fees) (Jersey) Order 2010

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made 17 December 2010 regarding: Income Tax (Eligible Investment Schemes) (Application Fees) (Jersey) Order 2010.

Decision Reference:  MD-TR-2010-0184

Decision Summary Title:

Income Tax (Eligible Investment Schemes) (Application Fees) (Jersey) Order 2010

Date of Decision Summary:

14 December 2010

Decision Summary Author:

Director of International Tax

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Draft Order

Person Giving

Oral Report:

N/A

Written Report

Title:

Income Tax (Eligible Investment Schemes) (Application Fees) (Jersey) Order 2010

Date of Written Report:

14 December 2010

Written Report Author:

Director of International Tax

Written Report :

Public or Exempt?

Public

Subject:

Income Tax (Eligible Investment Schemes) (Application Fees) (Jersey) Order 2010.

Decision(s):

The Minister made the Income Tax (Eligible Investment Schemes) (Application Fees) (Jersey) Order 2010.

Reason(s) for Decision: 

The Income Tax (Eligible Investment Schemes) (Application Fees) (Jersey) Order 2010 sets the prescribed fee for an application by an eligible investment scheme to register with the Comptroller of Taxes in order to be exempt from income tax chargeable under Schedule D, in accordance with Article 118C of the Income Tax (Jersey) Law 1961.

Resource Implications:

There are no manpower implications.  The Order introduces an annual fee of £500 to be paid by eligible investment schemes, which is to be used to cover the processing costs incurred by the Comptroller of Taxes in dealing with applications.

Action required:

Notify the Greffe and the Law Draftsman that the Order has been made and forward the signed and sealed Order to the Greffe for archiving. Request the Greffier of the States to table the Order before the States at the next meeting.

Signature:

 

 

 

 

Position: Senator  P F C Ozouf, Minister for Treasury and Resources

 

                 

 

Date Signed:

 

Date of Decision:

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