What you need to know if about Payroll in the Channel Islands
Certain conditions need to be met if you are are trading in the Channel Islands with regard to employing and paying staff.
For example – any company, individual, sole trader, partnership, trust or charity who has employees and/or Jersey resident directors must register with the Jersey Income Tax Office. The following information is required:
- name of the employer
- how many employees/office holders they have
- correspondence address
- whether they wish to complete their ITIS returns electronically or on paper
- and in the case of a company:
- whether the company trades in Jersey
- whether the company has a permanent establishment in Jersey
Once this information has been submitted, then the Tax Office can create the relevant records to register their status as an employer.
Penalty provisions are incorporated into the law to require employers to make timely returns of their employees’ monthly schedules and the tax deducted. New businesses who take on employees and who fail to register with the taxes office within one month, are also subject to a penalty regime. There are also penalties for any employer who fails to deduct the appropriate rate of tax from any individual or labour only sub-contractor.
If you need assistance with Jersey and Guernsey payroll then be aware that not all payroll bureaus in the UK have this knowledge and expertise – it is a specialised area. Payplus has experience and a proven track record in this specialised area. We will help you to navigate their systems.
Contact Robin Mead for more information – 0800 018 0590 firstname.lastname@example.org