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Sanctions and Asset-Freezing (Jersey) Law 2019: Jersey General Licence (Repayments of professional fees - Payments to Revenue Authorities) (RUSSIA/JSY/2024/2)

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A decision made 4 June 2025:

Decision Reference:  MD-ER-2024-944

Public

Subject: Sanctions and Asset-Freezing (Jersey) Law 2019 Jersey General Licence (Repayments of professional fees - Payments to Revenue Authorities) – RUSSIA/JSY/2024/2

 

Report Title: Sanctions and Asset-Freezing (Jersey) Law 2019 Jersey General Licence (Repayments of professional fees - Payments to Revenue Authorities) – RUSSIA/JSY/2024/2]

Public

Decision(s):

Pursuant to Article 16 of the Sanctions and Asset-Freezing (Jersey) Law 2019, the Minister for External Relations decided to issue the Jersey General Licence (Repayments of professional fees - Payments to Revenue Authorities) – RUSSIA/JSY/2024/2 which revokes and replaces the Jersey General Licence - Payments to Revenue Authorities with reference INT/JSY/2024/1 and the Ministeral Decision with reference MD-ER-2024-680.

Reason for Decision(s):

Following changes to UK sanctions legislation introduced through the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations which come into force on the 5 December 2024, and which introduce an exception from asset-freeze prohibitions for certain required regulatory payments, the UK will revoke General Licence (“GL”) INT/2024/4881897. The new UK required payments exception (the ”Exception”) will replace the GL and allow for certain payments to be made from, or on behalf of, non-UN designated persons to the authorities covered by these without the need for a licence. The Minister therefore decided to issue the Jersey GL (Repayments of professional fees – Payments to Revenue Authorities) (the ”Amended GL”) which revokes and replaces the previous Jersey GL (Payments to Revenue Authorities) INT/JSY/2024/1.  The Amended GL authorises a Designated Person (”DP”) or a person acting on behalf of a DP pursuant to the Exception to make payment of reasonable professional fees, which must not exceed ÂŁ2,500 (and associated disbursements) for the provision by accountants or other equivalent service providers of services relating to the preparation of documentation necessary for, and submission of, tax returns. This will ensure accountancy service providers continue to be able to receive payment for their services whilst also reducing the number of sanctions licence applications that must be made to the Minister and processed by the Financial Sanctions Implementation Unit. This will also ensure that Revenue Jersey continues to receive those tax returns that might otherwise be delayed in a timely manner.

Resource Implications: Department officers to take the necessary action.

 

Action Required: There are no new financial and/or manpower implications.

Signature:

 

 

Signed By: Minister for External Relations

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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