All companies that are resident for tax purposes in Jersey, or that trade in Jersey through a permanent establishment, need to complete a Jersey tax return.
You can complete either:
- a single company tax return online
- include the company along with other companies on one of the two global returns available
Find out more about global returns
In 2017 and 2018 the company tax return has been updated to get further information on the profits of certain 0% companies. This followed the Medium-Term Financial Plan for 2016 to 2019 which outlined the Government's long-term aim to collect more information from Jersey resident companies on taxable profits so provide policy makers have more complete information.
Medium-Term Financial Plan 2016 to 2019
In Budget 2017 the States Assembly gave the Comptroller greater powers to get information from 0% companies. The Comptroller is using his powers to ask all companies resident in Jersey to provide more information.
2017 company tax return changes
The company online return and the GRFIC have been amended from 2017 to request new information on company activity as follows:
Category 1) Trading – trading through a permanent establishment in Jersey
Category 2) Trading – group services companies
Category 3) Trading - other
Category 4) Investment holding
Category 5) Non-income producing asset holding company
Category 6) IP holding
Category 7) Dormant
For guidance on these seven categories see the page Company tax return guidance notes: Sections 3 to 6
The GRJIC has not been amended, but those tax agents that use this return are requested to provide the extra information on a separate schedule by 31 December 2018.
Whilst the Comptroller is requesting the company activity on a voluntary basis on the 2017 returns company secretaries are asked to make every effort to provide the information if they are able to do so. Provision of this information will be mandatory in 2018.
2018 company tax returns and 2019 company tax returns future changes
2018 company tax return
- the online return and the GRFIC will be changed also to capture accounting (not taxable) profits (actual figures will be required)
- the GRJIC return will no longer be available. The companies included on the GRJIC will need to submit individual online returns
2019 company tax return
All companies will be required to submit a digital copy of their accounts alongside their company tax return. It is intended that the GRFIC will no longer be available from 2020 (2019 return).