Legal requirement to notify Revenue Jersey
With effect from 1 January 2020 there is a requirement, under Article 123AA of the Income Tax (Jersey) Law 1961, to notify the Comptroller of Revenue within 6 months where:
- a company, incorporated outside of Jersey, becomes resident in the Island
- a non-resident corporate body acquires a source of income in respect of which a liability to Jersey tax might arise.
Persons who are required to make the notification
The person who is required to notify the Comptroller on behalf of the corporate body includes any of the following:
- an individual who is the secretary of the corporate body or an officer in Jersey who has direction, control or management of the corporate body
- a person providing trust company or fund services business to the corporate body
- the corporate body's agent in Jersey.
How to make the notification
Complete the notification and send to bustax@gov.je.
Foreign corporate body registration
The purpose of the notification is for Revenue Jersey to set up a tax record for the corporate body and to allocate a tax identification number (TIN).
Notification by tax agents
Where a tax agent confirms they provide corporate directorship or secretarial services, we can add these companies to their agent portal. We may ask for a register of directors.
Should another tax agent, group or subsidiary company or an external administrator provide these services, we require a signed authority letter.
Alongside the authority letter, provide in written confirmation:
- the name and position within the company of the signatory of the authority letter who has engaged you as agent
- that you have documentary evidence to show that the signatory is authorised to direct the affairs of the company.
Penalties for failure to notify
Failure to notify the Comptroller could result in a penalty of £3,000.
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