Jersey: Domestic Corporate Taxation
Filing Requirements and Payment of Tax
The year of assessment for income tax purposes is 1 January through to 31 December. The Comptroller of Income Tax, appointed by the States is the chief administrator of the Income Tax (Jersey) Law 1961. He is responsible for taxation assessments, handling claims, allowances and returns and collecting income tax. The Treasurer of the States make repayments of income tax on a certificate of the Comptroller. Returns are sent out in the January following the year of assessment, although in practice, the accounts are accepted instead of a return. The return or accounts must be submitted within seven months of the end of the accounting period and the tax paid within nine months of it. A preliminary assessment is made if the accounts are for less than one year.