Late filing of company tax returns (FOI)

​Request

A

How many notice of penalty for late filing of a company return notices were issued for the year of assessment 2017?

B

How much money will be raised through these penalties?

C

What methods of notice are given to companies that company tax returns are due?

Response

Penalty for late delivery of a return is governed by Article 17A of the Income Tax (Jersey) Law 1961.

A

1,242 company penalty notices were issued for failure to deliver a 2017 Income Tax return by the “specified” time of midnight on 31 December, 2018.

B

The cumulative value of the 1,242 penalty notices is £310,500 ie 1,242 penalties of £250 (for 2017).

Subject to certain specified conditions provided for under Article 17A, a penalty notice may be waived or discharged by the Comptroller of Taxes. The total amount collected, therefore, may be less than the cumulative value charged.

C

A General Notice requiring the delivery of all 2017 tax returns and statements was published on 19 February, 2018 in the Jersey Gazette on gov.je. The publication of a General Notice for the filing of tax returns and statements has been a long standing practice of Revenue Jersey. In late September 2018 an email was issued to companies or their tax agent reminding them of their requirement to file the online 2017 return and of the penalty they would incur if they failed to do so.

It is planned, once the online portal of Revenue Jersey’s new Revenue Management System is live, that notifications will be sent to registered users of returns that are required to be filed, followed up by timely reminders where appropriate.