The DRAFT TAXATION (IMPLEMENTATION)(INTERNATIONAL TAX COMPLIANCE)(COMMON REPORTING STANDARD)(JERSEY) REGULATIONS 201- (Draft CRS Regulations) have now been lodged with the States of Jersey
Jersey practitioners will be reassured to see (at Articles 10 – 18) the inclusion of expanded penalty provisions which seems to more accurately reflect the position adopted by the IoM/UK; that is to say, a £300 fine for failure to comply and a maximum £3,000 fine for deliberate failure to comply, with the fines being administered by the Comptroller, with appeal to the Commission.
Loading...