A consultation to move the current corporate income tax return filing deadline of 31 December has been opened today (Wednesday) by Revenue Jersey.
The Minister for Treasury and Resources, Deputy Susie Pinel, is seeking views on the proposal that the deadline is brought forward to 30 November in the year following the year of assessment.
The proposed change to the filing deadline date aims to manage better the demands on companies and their advisers at a particularly busy time of year and it would also bring it into line with the corporate income tax payment deadline of 30 November.
This new deadline would apply from the 2022 year of assessment. This would mean that for companies with an accounting period ending in the 2022 year of assessment, the last day for filing the tax return would be 30 November 2023.
Richard Summersgill, Comptroller of Revenue, said: “The current deadline places a significant compliance burden on companies, their advisers and Revenue Jersey. Bringing this deadline forward a month should help all parties, but we are keen to hear the views of all those involved with corporate income tax return filing.”
The full consultation document is available here and it includes a number of questions which Revenue Jersey would like responses to. Feedback should be sent to [email protected], with the subject heading ‘Corporate deadline’. The consultation closes on 14 April 2022.
Government of Jersey News Release.