Jersey Charities Register To Be Up And Running By May
by Jason Gorringe, Lowtax.net, London
24 January, 2018
Jersey's Assistant Chief Minister, Paul Routier, recently lodged draft regulations with the island's parliament to enable a new charity register to be introduced on May 1, 2018.
The regulations, when approved, will allow entities, including existing charities, to apply to become "registered charities" under the Charities (Jersey) Law 2014, from May 1, 2018. The regulations will also make changes to tax reliefs available and the use of the word "charity" as a description, with effect from January 1, 2019.
Organizations currently entitled to benefit from tax reliefs will continue to receive that benefit until the end of the 2019 tax year. Continuing entitlement in 2020 will then depend on whether or not they have successfully become a registered charity.
The draft regulations set out the financial information that must be provided to the Charity Commissioner on an application for registration.
Commenting on the draft regulations, Routier said: "Following the appointment of Jersey's first Charity Commissioner last July, the opening of the publicly accessible Charity Register is the key step in promoting public confidence in the charitable sector, helping it to develop and flourish."
The Charity Commissioner, John Mills, said: "I welcome this final step towards bringing the Charities Law into force. The transparency enabled by the new Charity Register will not only allow people to see for themselves the main governance and financial arrangements of charities but also, for the same reason, will afford charities of all descriptions, once registered, a much greater degree of credibility as they seek to raise funds to pursue their work."
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