The Finance Bill 2016 published on 24 March 2016, confirms the Chancellor’s commitments to crack down on all forms of tax evasion, avoidance and aggressive tax planning as set out in the Budget 2016. A key part of the comprehensive package of measures are new proposals to tackle off-shore evasion using both civil and criminal […]

The Commission has published (Feb 2015) a consultation paper on a statement of principles and processes for the forthcoming civil financial penalties regime. The paper can be downloaded from the JFSC website at http://bit.ly/1yRvd6o

A consultation on draft secondary legislation that would set the civil financial penalties tariff for contraventions of Codes of Practice On 9 December 2014, the States of Jersey approved the Amendment Law. That law, which is now awaiting Privy Council approval, will amend the Commission Law to provide the Commission with the power to impose […]

The Jersey Financial Services Commission (the “Commission”) has issued a Consultation Paper on draft primary legislation to provide it with the power to impose civil financial penalties on regulated businesses that contravene regulatory requirements set by Commission Codes of Practice. The Consultation Paper, including the draft amending legislation, can be viewed on the Commission’s website […]