Company Tax Filing deadline approaching in Jersey

By 30 November, all companies incorporated in Jersey, as well as those incorporated elsewhere but managed and controlled from Jersey and considered to be Jersey tax resident, are required to file an annual Jersey company tax return (“the company tax return”), regardless of whether any tax is payable. This obligation extends to dormant and loss-making companies. 

The filing deadline for the 2024 company tax returns is 30 November 2025. As part of the process, submission of financial statements is normally included.   

Penalties for late filing 

Failure to file the company tax return on time may result in late filing penalties. The initial penalty is £300, with an additional £100 per month after three months, up to a maximum total of £1,200 after one year. 

These penalties apply whether a company has a tax liability or not.  Submitting the company tax return is a legal requirement for all relevant tax resident companies. 

Jersey corporate tax rates 

The rate of tax varies depending on the nature of the company’s activities: 

• 0% – for most trading and investment companies
• 10% – for certain regulated financial services companies
• 20% – for utility companies such as gas, electricity and telecommunications providers
• 0 – 20% sliding scale – for large retailers with a turnover exceeding £2 million
  • 0% if profits are below £500,000
  • Sliding from 0–20% where profits are between £500,000 and £750,000
  • 20% if profits exceed £750,000 

It is essential to understand which tax rate applies to your company to ensure accurate reporting and compliance with Jersey’s tax laws.

Why this deadline matters 

The company tax return deadline is an important compliance requirement for all businesses operating in Jersey, even where no tax is due, the obligation to file remains. Filing on time not only avoids penalties but also demonstrates good corporate governance and financial discipline. 

Support from Moore Stephens 

At Moore Stephens Accounting and Taxation Services (Jersey) Limited, our team provides expert guidance and comprehensive support with company accounting and tax return preparation. 

We can assist with determining the applicable tax rate for your company, ensuring your financial statements are prepared correctly, and submitting your return ahead of the 30 November deadline. 

If you would like assistance with your company’s return or have any questions about your tax position, please contact Giles Morison or Stef Boschat for company accounting.