Submission of accounts by shareholders (zero / ten tax system)

Should accounts be submitted with my personal tax return?

You must forward a copy of the company accounts if you a shareholder of a Jersey resident company and declaring any of the following income sources on your personal tax return;

• cash dividends 
• distributions 
• a shareholder loan 
• intermediary service vehicle (ISV)  

What if my company has two or more shareholders?

If there are two or more shareholders in the same company, then ideally one set of accounts and tax computation should be submitted by the 'principle' shareholder in the company.

If only one set of accounts is sent, then the names and tax references of all the Jersey resident shareholders must be included and clearly displayed.

It is up to you as a shareholder to make sure that the accounts have been submitted on your behalf.

The accounts have not been finalised by the personal tax return deadline 

If the company accounts are not available when you submit your personal income tax return, then you must enter your best estimate of the income from each relevant source. You must then forward the supporting documents as soon as they are signed off and available.