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Land Transaction Tax- Administration and Collection Process

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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

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A decision made (07.09.2009) to approve the process for administration and collection of Land Transaction Tax.

Decision Reference:  MD-TR-2009-0047

Decision Summary Title:

Land Transaction Tax – Administration and Collection Process

Date of Decision Summary:

27 April 2009

Decision Summary Author:

Nick Collins

Finance Manager, Decision Support

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Land Transaction Tax – Administration and Collection Process

Date of Written Report:

16 April 2009

Written Report Author:

Nick Collins

Finance Manager, Decision Support

Written Report :

Public or Exempt?

Public

Subject: Land Transaction Tax (LTT) -  Prescribed administration and collection process

Decision(s): The Minister decided:

  1. to approve the process for administration and collection of LTT as detailed in the attached report
  2. to  approve the format and content of the LTT statement as detailed in the attached report
  3. to  approve the format and content of the LTT receipt as detailed in the attached report
  4. to set the fee for a replacement LTT receipt at £50

Reason(s) for decision:  

The Minister intends to bring the Appointed Day Act to introduce the Taxation (Land Transactions) (Jersey) Law 200- to the States, together with relevant Regulations in due course.  

Under Article 21(a) of the draft Taxation (Land Transactions) (Jersey) Law 200- the Minister for Treasury and Resources may, by Order, prescribe any matters that shall or may be prescribed under this Law.

The processes to administer and collect LTT in the accompanying Ministerial Report need to be approved by the Minister in order that Data Protection implications are clearly defined.

Resource Implications:

Other than those detailed in the report there are no further financial or manpower Implications.

Action required:

Head of Decision Support to request the Law Draftsman to prepare an Order for the prescribed items in the Ministerial Report.

Head of Decision Support to send the Order, once prepared, to the States Greffe and request that it be tabled before the States immediately after the Regulations and Appointed Day Act associated with the Taxation (Land Transactions) (Jersey) Law 200- are approved.

Signature: 
 

Position: Senator P. F.C. Ozouf, Minister for Treasury and Resources

Date Signed: 7th May 2009

Date of Decision: 7th May 2009

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