11 April 2008
Local businesses are being reminded that GST is introduced in Jersey on Tuesday 6 May, just over three weeks away. By then all firms with an annual taxable turnover of more than £300,000 must, by law, have registered with the Income Tax Department.
The GST team has registered more than a thousand separate entities for the 3% Goods and Services Tax, but businesses are being reminded that if they haven’t yet registered, time is running out.
They can still register online via the front page links on either www.gov.je or www.jsytax.je Alternatively, printed forms are available from, and should be submitted to, the Income Tax Department, or the Customer Services Centre, in Cyril Le Marquand House
Once businesses have registered they will be invited to an educational evening with the GST team, where they can ensure they are ready for the new tax, and ask advice on issues like accounting procedures and staff training.
Anyone with a taxable turnover of less than £300,000 does not have to register for GST, but may do so.
Comptroller of Income Tax Malcolm Campbell said: “We have been very busy trying to help everybody with any queries they have about GST. But my message today is that if you are in any doubt, contact us for help and advice, because it is an offence not to register if you are liable to do so.”
Notes to editors:
1) Please contact the GST team for advice on 440555 or gst@gov.je
2) All the published information is available on www.gov.je/gst and from the parish halls.
3) There is also a dedicated Customs help desk for Customs and import information Tel: 447977 email: customs.gst@gov.je
gov.je