Jersey’s Income Tax Office announced on January 27, that it is changing the method of informing taxpayers of how much income tax they are required to pay. The new system will provide Income Tax Instalment System (ITIS) users timely tax information.
Under the new system, ITIS taxpayers will be sent their annual tax liability (Notice of Assessment) as soon as it has been calculated by the Income Tax Office, rather than in November.
Comptroller of Income Tax, Malcolm Campbell said: ”As the ITIS system has developed, we have noticed that taxpayers have asked for details of their tax liability earlier in the year, especially when their ITIS effective rate has changed. We hope that by sending out assessments as they are calculated, taxpayers will have more timely information.”
”This is not a completely new process for us as we have for the last couple of years sent notices of assessments immediately to those new taxpayers registered after January 2006 who pay tax on a current year basis.”
Taxpayers who do not pay their income tax through ITIS will continue to receive their annual Notice of Assessment in late September.
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