Jersey consults on tax penalties

The Jersey taxes office is consulting on proposed new financial penalties. Measures being considered include:

• financial penalties for providing inaccurate information;
• charging interest on all tax debts;
• financial penalties for late tax returns and late payment, varying according to the degree of lateness;
• new deadline dates for submitting tax returns online; and
• financial penalties for not keeping proper records that support information given to the taxes office.

The proposals would also take behavioural factors into account in assessing the amount of penalties.

The consultation will run until 16 June 2017. See http://bit.ly/2oFV9FY.