Jersey Announces Additional Support for Taxpayers Changing from Prior Year Basis to Current Year Basis

The Jersey government has issued a notice announcing additional support for taxpayers changing from Prior Year Basis to Current Year Basis of taxation as recently approved by the States Assembly.

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Additional Support for PYB taxpayers

Revenue Jersey is launching new tools to help Prior Year Basis (PYB) prepare for the switch to paying their tax on a Current Year Basis (CYB).

Following a vote by the States Assembly on 4 November, all taxpayers will pay their tax on a CYB basis from 2020…