Run it properly
Your company’s year in
Every date that falls due once the company exists — and the changes that must be reported when they happen.
A Jersey company’s year: three dates in its first two months, two returns in January and July, and its tax return in November.
- 7 Every year, and every change · 100%
- 6 You · 86%
- 1 Done for you · 14%
- The annual confirmation statement£220
- Register with the Information Commissioner£70
Every company, even at 0%.
£220; more each month late.
Every company; a sole trader holding customers’ details.
Only if you are on it.
Free; with staff it moves to the monthly return.
Set every January from your income two years before.
- Other insurance
- Public liability, your tools, your premises, professional cover: not required by law for most businesses, but worth having — whether you work from home or from premises.
- Changes, as they happen
- A new owner or controller within 21 days; data protection details within 28 days; Social Security straight away if your situation changes.
The annual confirmation statementYouthe Jersey Registry (JFSC)£220 a yearEvery year, January to the end of February
Between January and the end of February, every year, the company confirms its details to the Registry. For a company that runs its own affairs it is £220, including the government levy. After February a late fee is added for each month it is late.
Register with the Information CommissionerYouthe JOIC£70 a year, under ten full-time staffRenewed every January to February
A limited company must register with the Jersey Office of the Information Commissioner — it holds personal data from the start, in its register of shareholders and directors. The charge is set by staff numbers and revenue; under ten full-time staff, it begins at £70. A new registration’s charge is due a month after you register. It expires on 31 December and is renewed between 1 January and the last day of February; changes are reported within 28 days.
Manpower returnsYouthe Government of JerseyBy 31 January and 31 July
Every business with a licence must make manpower returns, and they cost nothing. With no staff, submit the online form twice a year — by 31 January and 31 July, showing the business on 31 December and 30 June. Once you employ anyone, it goes on the combined employer return instead, every month.
The company tax returnDone for youRevenue JerseyAutomatic on incorporation; a return every year, by 30 November of the following year
Revenue Jersey registers the new company and posts its tax number to the registered office. Most companies pay 0% company tax, but every company files a return, by 30 November of the following year. The standard rate is 0%; utilities, some financial services companies and large retailers pay more.
Choose how you pay Social SecurityYouSocial SecurityEvery month, by direct debit
For Social Security, a company’s owners, shareholders and directors count as self-employed and pay Class 2 contributions: both the employee’s share (6%) and the employer’s (6.5%) come from your income, billed every month. There are several ways to pay, and you must apply for the one you want — otherwise you are billed at the maximum rate. For a company, Social Security contacts you once the licence is granted.
Why now: They contact you after the licence; choose before the first bill.
Tell the Registry about changesYouthe Jersey Registry (JFSC)Within 21 days of a change of owners or controllers
A change to who owns or controls the company is notified within 21 days, free. Moving the registered office is a free notice — with the new occupier’s authority. A new name needs a special resolution and a new certificate, for £135. The nominated person files each of these on myRegistry.
Update associated partiesNotice of change of registered officeC23 · Registration of a special resolution
Register as an employerYouRevenue JerseyEvery month
If the licence application said you will employ staff, the registration for paying their income tax (ITIS) and Social Security arrives by email from Revenue Jersey once the licence is granted. From then on, the combined employer return — tax, Social Security and the manpower return together — is filed and paid every month, through online services.
Keep going
- Keep the company’s recordsThe registers, minutes and paperwork a company must keep — and what goes on every invoice.Open
- Social Security, as an ownerWhy owners pay Class 2, why it follows your income from two years ago, the bill you get by doing nothing — and the ways to pay less while you start.Open
- Register for data protectionIf you hold customers’ names or emails, you register with your regulator — and you have duties after.Open
- All of it, in orderPlan my start draws every journey you need, for your place, with your costs.Plan my start
Words in this journey:DirectorMemberRegistered officeOccupierNominated personmyRegistrySpecial resolutionManpower returnClass 2 contributionsITIS