2020 compliance programme
Revenue Jersey has published a programme of compliance activities it will undertake during 2020 in accordance with its compliance strategy based on the Promote, Prevent and Respond model.
Promote
- A broadcast campaign to encourage people who habitually do not file returns on time to do so, building on the introduction of new penalties.
- A broadcast campaign to encourage legal professionals to review any arrangements which currently reduce their partnership liabilities to tax at the 20% rate.
- Provision of better web based guidance will continue.
- Visits to newly registered GST businesses will be made to help them meet their obligations.
- Publishing a list of common errors with FATCA and CRS reports before the next reporting deadline.
Prevent
- Online filing for personal taxpayers will be launched in January 2020.
- New civil penalties for late filing and late payment will come into force in 2020, removing the need for criminal sanctions.
- Revenue Jersey will make increasing use of data from third parties (such as banks) and overseas financial institutions.
- Agent accounts will be set up for FATCA and CRS purposes allowing agents to see a list of all the entities for which they are responsible in one place.
Respond
- Examination of accounting practices in law partnerships. For example, the use of connected service companies by legal professionals.
- Examination of compliance with tax law by self-employed driving instructors.
- Risk based and occasionally random checks on compliance with GST law, the Income Tax Instalment System and Social Security contribution law by Jersey employers.
- Desk based reviews and on-site visits to financial institutions which present the highest risks of not complying with the FATCA and CRS rules.
gov.je