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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Income Tax (High Value Residents - Amendment) (Jersey) Law 202-

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

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The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 12 May 2023:

Decision Reference:  MD-TR-2023-249

Public

Subject: Lodging of the Draft Income Tax (High Value Residents – Amendment) (Jersey) Law 202-

 

Report Title: Lodging of Draft Income Tax (High Value Residents – Amendment) (Jersey) Law 202-

Public

Decision(s):

The Minister decided to approve the lodging of the Draft Income Tax (High Value Residents – Amendment) (Jersey) Law 202-

Reason for Decision(s):

In the 2023-2026 Government Plan, Ministers signalled that they would review the High Value Residents scheme with a view to refreshing it for new entrants. Following further consideration and engagement with a range of stakeholders, Ministers propose a new version of the scheme, as detailed in the Written Report that accompanies the draft Law.

Resource Implications: The revisions in the proposed changes will have a positive financial additional contribution of £1.2 million per annum.

 

Action Required: The Greffier of the States to be requested by the Head of Financial Governance to arrange for the Law to be lodged ‘au Greffe’ by 2 May 2023 for the States sitting that commences on 13 June 2023.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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