Finance
(2025 Budget) (Jersey) Law 2025
Adopted
by the States 29 November 2024
Sanctioned
by Order of His Majesty in Council 2 April 2025
Registered by the Royal Court 11 April 2025
Coming into force in accordance with Article 39
THE STATES, subject to the sanction of His Most
Excellent Majesty in Council, have adopted the following Law –
Part 1
Standard
rate of income tax set for 2025
1 Standard rate of income tax for 2025
Income tax is levied and
charged for the year 2025 at the standard rate of 20 pence in the pound, in
accordance with and subject to the Income Tax (Jersey) Law 1961.
Part 2
Income Tax (Jersey) Law 1961
amended
Division 1 –
Introduction
2 Amendment of the Income Tax (Jersey) Law 1961
This Part amends the Income Tax (Jersey) Law 1961.
Division 2 –
Returns
3 Article 17A
(penalty for late delivery of return) amended
In the following places
in Article 17A for “body corporate or LLC” there is substituted “body of
persons” –
(a) paragraph (2B)(a)
and (b);
(b) paragraph (3)(a);
(c) paragraph (4);
(d) paragraph (4A)(a).
Division 3 –
provisions relating to Schedule A
4 Article 52
(deductions under Schedule A in respect of rents, etc.) amended
In Article 52 for paragraph (4)
there is substituted –
“(4) The
deductions allowable under this Article must be made from the profits or gains
chargeable for the year of assessment in which the payments are made.
(5) But
if the profits or gains chargeable for the year of assessment in which the
payments are made are not sufficient to allow the whole of the deduction to be
made, the amount that is not deducted is to be deducted from the profits and
gains for the next year of assessment from which it can be deducted.”.
5 Article 52A
(allowable deduction under Schedule A for energy-saving items) deleted
Article 52A is
deleted.
6 Article 52B
(deductions for accounting fees) inserted
After Article 52
there is inserted –
“52B Deductions for accounting fees
(1) Despite
any other provision in this Law, in computing the profits and gains to be taxed
under Article 51(1)(a) there is allowed to be deducted as expenses an
amount equal to the amount incurred on fees charged for accounting services.
(2) The
fees to which paragraph (1) apply must be attributed to the year in which
they were paid.”.
7 Article 54A
(deductions under Schedule A in respect of property development or quarrying,
etc.) amended
In Article 54A after
“Articles 70, 70A” there is inserted “, 70D, 70F”.
Division 3 –
Provisions relating to Schedule D
8 Article 70F (deductions
for accounting fees) inserted
After Article 70E
there is inserted –
“70F Deductions for accounting fees
(1) Despite
Article 70, in computing the profits or gains to be charged in respect of
a trade or profession under Schedule D there is allowed to be deducted as
expenses an amount equal to the amount incurred on fees charged for accounting
services.
(2) The
fees to which paragraph (1) apply must be attributed –
(a) to the accounting period
for which they were incurred; or
(b) in the case of a trade or
profession that has ceased trading, in the final accounts before the cessation
of trading.”.
Division 4 –
Personal allowances and reliefs
9 Article 92A
(exemption from income tax for individuals whose income is not over the
exemption threshold) amended
In Article 92A(2) in
the definition “low income threshold” for “£20,000” there is substituted
“£20,700”.
10 Article 92B
(increase in exemption threshold for certain child care payments) amended
In Article 92B(8) –
(a) in the definition
“maximum increase” –
(i) in sub-paragraphs (a) and (b) for
“£19,700” there is substituted “£20,400”,
(ii) in sub-paragraph (c)
for “£7,600” there is substituted “£7,850”;
(b) in the definition
“qualifying income” in sub-paragraph (b)(ii) for “£5,550” there is
substituted “£5,750”.
11 Article 95
(children) amended
In Article 95(1) and
(4) for “£3,700” there is substituted “£3,850”.
12 Article 98A
(additional allowance in respect of children) amended
In Article 98A(1A)
for “£5,550” there is substituted “£5,750”.
13 Article 99 (increase
in exemption threshold for certain spouses and civil partners) amended
In Article 99 –
(a) in paragraph (2) in
the formula for “32,050” there is substituted “33,200”;
(b) in paragraph (2) in the
entry relating to C –
(i) in clause (ii) for “qualifying
income” there is substituted “earned income”,
(ii) in clause (iii) for
“£7,950” there is substituted “£8,200”;
(c) for paragraph (4)
there is substituted –
“(4) In
paragraph (1) “relevant income” has the meaning given in Article 92A(2).”.
14 Schedule 7 (savings
and transitional provisions: taxation of certain married people and civil
partners in 2025) amended
In Schedule 7 in
paragraph 6 –
(a) in sub-paragraph (2) –
(i) for “£32,050” there is substituted
“£33,200”,
(ii) in clause (a)(i)
for “£7,950” there is substituted “£8,200”;
(b) after sub-paragraph (2)
there is inserted –
“(2A) If
this paragraph applies, for the purposes of determining if an individual is
entitled to an increase under Article 92B –
(a) in addition to the
individual satisfying the other conditions in Article 92B, the individual’s
spouse or civil partner must have qualifying income; and
(b) whether the individual
and their spouse or civil partner has qualifying income is determined –
(i) by applying the definition in Article 92B(8), and
(ii) by substituting “£8,200”
for “£5,750” in sub-paragraph (b)(ii) of that definition.”.
Division 5 –
Special provisions as to bodies corporate and consequential amendments
15 Article 123EA (group
relief for non-financial services companies) and Article 123F (group
relief for financial services companies) substituted
For Articles 123EA
and Article 123F there is substituted –
“123F Group relief for companies
(1) This
Article applies if a company that is a member of a group suffers a loss for a
financial period (the “surrendering company”).
(2) Another
company that is a member of the same group (the “claimant company”) may apply
for the relief described in paragraph (7) if –
(a) both the surrendering
company and the claimant company are a company to which Article 123C
applies; or
(b) both the surrendering
company and the claimant company are a company to which Article 123D
applies.
(3) The
application must be –
(a) made by the claimant
company no later than 1 year after the end of the year of assessment in
which the financial period for which the surrendering company suffered the
loss; and
(b) accompanied by a
declaration made by the surrendering company in accordance with paragraph (5).
(4) In
its application, the claimant company must state –
(a) its financial period to
which the application relates;
(b) its profits or gains for
that period.
(5) In
its declaration, the surrendering company must state –
(a) its financial period to
which the application relates;
(b) its loss for that period;
(c) the amounts (if any) of
the loss previously surrendered under this Article and to whom those amounts
were surrendered.
(6) The
Comptroller must grant the relief if satisfied that, throughout the financial
period for which the surrendering company suffered the loss –
(a) both companies were
members of the same group; and
(b) both companies were a
company to which Article 123C applies or both companies were a company to
which Article 123D applies.
(7) The
relief granted under this Article is the offset against the claimant company’s
profits or gains of as much of the surrendering company’s loss that is
surrendered to the claimant company.
(8) If
the claimant company’s financial period is not the same as the surrendering
company’s, only the loss arising in the part of the surrendering company’s
financial period that overlaps with the claimant company’s financial period can
be surrendered.
(9) The
claimant company can offset against its profits or gains –
(a) in respect of profits and
gains that are chargeable to tax under Schedule A under Article 51(1)(b),
only those losses of the surrendering company that
arise from any activity the profits or gains of which would be chargeable to
tax under Schedule A under Article 51(1)(b); and
(b) in respect of profits or
gains that are chargeable to tax under Schedule A under Article 51(1)(c),
only those losses of the surrendering company that arise from any activity the
profits or gains of which would be chargeable to tax under Schedule A under
Article 51(1)(c).
“control”, in relation to a company (“controlled
company”) means the power of 1 or more companies (“controlling company”) to
secure that the affairs of the controlled company are conducted in accordance
with the wishes of the controlling company by means of –
(a) 1
or more of the following –
(i) the
holding, directly or indirectly, of more than 50% of shares (whether in the
controlled company or another company),
(ii) the
possession, directly or indirectly, of more than 50% of voting power in or in
relation to the controlled company,
(iii) the
holding, directly or indirectly, of more than 50% of powers conferred by the
articles of association or other document regulating the controlled company or
another company;
(b) the
right to more than 50% of the profits and gains of the company;
“group” means a holding
company and 1 or more of its subsidiaries and, for the purposes of this
definition, a company (“company A”) is a subsidiary of another company
(“company B”) if company B controls company A.
“holding company” means a company that is not
controlled by another company;
“loss” of a company does not include
any loss arising from any activity the profits or gains of which would be
chargeable to tax under Schedule A under Article 51(1)(a);
“profits or gains” of a
company do not include profits or gains chargeable to tax under Schedule A under
Article 51(1)(a).”.
16 Article 123L
(computation of tax under Schedule D) amended
In Article 123L(7)
for “Article 123EA” there is substituted “Article 123F”.
17 Article 123S
(application of Article 123EA (group relief)) substituted
For Article 123S
there is substituted –
“123S Application of Article 123F (group relief for companies)
Article 123F applies to a large corporate retailer with the
following modifications –
(a) a “group”, as defined in
that Article, may consist of –
(i) only companies that are large corporate
retailers, or
(ii) companies, 2 of more of
which are large corporate retailers and 1 or more of which is a company to
which Article 123C applies; and
(b) the claimant company and
surrendering company must each be a large corporate retailer.”.
Division 6 –
Special Provisions as to individuals temporarily abroad
18 Article 129AA
(apportionment of reliefs etc for individuals who become, or cease to be,
ordinarily resident) amended
In Article 129AA(2A) –
(a) in the formula for
“32,050” there is substituted “33,200”;
(b) in the entry relating to
D –
(i) in clause (ii) for “qualifying income
(as defined in Article 99(4))” there is substituted “earned income”,
(ii) in clause (iii) for
“£7,950” there is substituted “£8,200”.
Division 7 –
Special Provisions as to pensions
19 Article 131CE
(permitted commutation – trivial pension) amended
In Article 131CE(3)
for “£15,000” there is substituted “£10,000”.
Division 8 –
Schedule 2 (Benefits: exemptions)
20 Schedule 2
(benefits: exemptions) amended
In Schedule 2 for the
text of paragraph 14 there is substituted –
“In relation to an office holder or employee newly recruited or
transferred to Jersey from a place outside Jersey, the following are to be left
out of account –
(a) the payment of the
actual, reasonable expenditure incurred in the office holder’s or employee’s
removal to and establishment in Jersey in respect of –
(i) the removal to Jersey of the household
furniture and effects, including motor vehicles, of the office holder or
employee and members of that person’s family and household,
(ii) storage, for no more
than 12 months, of the household furniture and effects, including motor
vehicles, of the office holder or employee and members of that person’s family
and household, and
(iii) travel to Jersey, upon the
office holder’s or employee’s recruitment or transfer, by the office holder or
employee and by members of that person’s family and household; and
(b) the first £7,500 of any
other actual, reasonable expenditure incurred in the office holder’s or employee’s
removal to and establishment in Jersey.”.
Part 3
Customs and Excise (Jersey) Law 1999
amended
Division 1 –
Introduction
21 Amendment of the Customs and Excise (Jersey) Law 1999
This Part amends the Customs and Excise
(Jersey) Law 1999.
Division 2 –
Excise Duty: spirits
22 Article 1
(interpretation) amended
(1) This
Article amends Article 1.
(2) After
the definition “customs duty” insert –
“ “distilled spirits” means spirits that are produced or
manufactured by a person by –
(a) distilling, with a still,
fermented agricultural products; or
(b) distilling, with a still,
other spirits that are obtained but not produced by that person;”.
(3) After
the definition “importer” there is inserted –
“ “independent brewer” means a person who –
(a) brews beer;
(b) is not connected with any
other person who brews beer; and
(c) uses premises physically
separate from those used by any other person to brew beer;
“independent cider-maker” means a person who –
(a) makes cider;
(b) is not connected with any
other person who makes cider; and
(c) uses premises physically
separate from those used by any other person to make cider;
“independent distiller” means a person
who –
(a) distils spirits;
(b) is
not connected with any other person who distils spirits; and
(c) uses
premises physically separate from those used by any other person to distil
spirits;”.
(4) After the definition “commander” there is inserted –
“ “connected”, in the
definitions “independent brewer”, “independent cider-maker” and “independent
distiller”, has the same meaning as in the Income Tax (Jersey) Law 1961 (see Article 3A of that
Law);”.
(5) For
the definitions “small independent brewer”, “small independent cider-maker” and
“small independent distiller of spirits” there is substituted –
23 Schedule 1 (excise duties)
amended
(1) This
Article amends Part 2 of Schedule 1 (goods chargeable with excise
duty and rates of duty).
(2) In
paragraph 1 (spirits and spirits-based drinks), for clause (a) there is
substituted –
(3) In
paragraph 1(b), after “other spirits” insert “(including other distilled
spirits)”.
(4) The
existing text of paragraph 1 (as amended by paragraph (2) of this
Article) becomes sub-paragraph (1), and after that sub-paragraph there is
inserted –
(a) the
person is an independent distiller; and
(b) the
total amount of alcohol contained in distilled and other spirits produced or
manufactured by the person during the reference period does not exceed 20,000 litres.
(3) The “reference period”, in relation to
taxable spirits, is the calendar year in which the spirits are produced or
manufactured.”.
(5) The existing text of paragraph 3 (beer) becomes
sub-paragraph (1), and after that paragraph there is inserted –
“(2) A
person is a “small independent brewer” in relation to beer produced or
manufactured by the person (the “taxable beer”) if –
(a) the
person is an independent brewer; and
(b) the
total amount of beer produced or manufactured by the person during the
reference period does not exceed 200,000 hectolitres.
(3) The
“reference period”, in relation to taxable beer, is the calendar year in which
the beer is produced or manufactured.”.
(6) The
existing text of paragraph 4 (cider) becomes sub-paragraph (1), and after
that paragraph there is inserted –
“(2) A
person is a “small independent cider-maker” in relation to cider produced or
manufactured by the person (the “taxable cider”) if –
(a) the person is an
independent cider-maker; and
(b) the total amount of cider
produced or manufactured by the person during the reference period does not
exceed 500,000 litres.
(3) The
“reference period”, in relation to taxable cider, is the calendar year in which
the cider is produced or manufactured.”.
Division 3 –
Excise Duty: tobacco
24 Excise duty: tobacco
For the table in
paragraph 6 of Part 2 of Schedule 1 there is substituted –
|
|
|
|
(a)
|
unprocessed tobacco
|
669.30
|
|
(b)
|
cigars
|
808.42
|
|
(c)
|
cigarettes
|
876.72
|
|
(d)
|
hand-rolling tobacco
|
876.72
|
|
(e)
|
processed tobacco other than
types (b) to (d)
|
697.46”.
|
Division 4 –
Excise duty: vehicles
25 Excise duty: motor
vehicles – general
In paragraph 8 of
Part 2 of Schedule 1 –
(a) for the table in
sub-paragraph (4) there is substituted –
|
|
|
|
0
|
0
|
|
1-50
|
35
|
|
51-75
|
73
|
|
76-100
|
240
|
|
101-125
|
422
|
|
126-150
|
715
|
|
151-175
|
1,435
|
|
176-200
|
4,830
|
|
201 or more
|
9,921”;
|
(b) for the table in
sub-paragraph (5) there is substituted –
|
|
|
|
0
|
0
|
|
1-500
|
35
|
|
501-1400
|
291
|
|
1401-1800
|
567
|
|
1801-2000
|
814
|
|
2001-2500
|
1,290
|
|
2501-3000
|
2,231
|
|
3001-3500
|
4,830
|
|
3501 or more
|
9,921”.
|
26 Excise duty: motor
vehicles – commercial
vehicles
In paragraph 8A of
Part 2 of Schedule 1 –
(a) for the table in
sub-paragraph (2) there is substituted –
|
|
|
|
|
0
|
0
|
0
|
|
1-50
|
0
|
0
|
|
51-75
|
0
|
56
|
|
76-100
|
0
|
167
|
|
101-125
|
56
|
278
|
|
126-150
|
167
|
445
|
|
151-175
|
278
|
834
|
|
176-200
|
445
|
1,390
|
|
201 or more
|
834
|
2,001”;
|
(b) for the table in
sub-paragraph (3) there is substituted –
|
|
|
|
|
0
|
0
|
0
|
|
1-500
|
0
|
0
|
|
501-1400
|
0
|
222
|
|
1401-1800
|
0
|
389
|
|
1801-2000
|
222
|
556
|
|
2001-2500
|
389
|
778
|
|
2501-3000
|
556
|
1,112
|
|
3001-3500
|
778
|
1,445
|
|
3501 or more
|
1,112
|
2,001”.
|
Part 4
Goods and Services Tax (Jersey) Law 2007
amended
27 Amendment of the Goods and Services Tax (Jersey) Law 2007
This Part amends the Goods and Services Tax
(Jersey) Law 2007.
28 Article 6 (charge to
GST) amended
In Article 6 for
paragraph (1A) there is substituted –
“(1A) Paragraph (1)(b)
does not apply (and accordingly paragraph (1)(a) does apply) in relation to the
importation of goods from outside Jersey if –
(a) the goods are treated as
supplied in Jersey by reason of Article 23(3)(a);
(b) the supply of the goods
is a taxable supply made by a taxable person;
(c) the supplier has issued a
GST invoice to the recipient; and
(d) at the time the supply is
made, the Comptroller has not issued a direction or notice under Article 98
stating that paragraph (1)(b) continues to apply to goods supplied by the
taxable person.”.
29 Article 51 (refund
of GST: DIY dwelling) amended
In Article 51 after
paragraph (4) there is inserted –
“(5) A
refund under this Article must not exceed £50,000 for each dwelling.”.
Part 5
Revenue Administration (Jersey) Law 2019
Amended
30 Amendment of Revenue Administration (Jersey) Law 2019
This Part amends the Revenue Administration
(Jersey) Law 2019.
31 Article 5
(Commissioners of Appeal) substituted
For Article 5 there is substituted –
“5 Commission of Appeal and
appointment of Commissioners of Appeal, Chair and Deputy Chair
(1) The
Minister must appoint up to 14 Commissioners of Appeal who –
(a) must
be chosen from residents of Jersey with experience in financial matters; and
(b) must
not be engaged in any trade, business or profession whose nature would cause
their appointment to be objected to by competitors in similar trades,
businesses or professions carried on in Jersey.
(2) From
the Commissioners of Appeal, the Minister must appoint a Chair and may appoint
1 or more Deputy Chairs.
(3) The
Chair and Deputy Chairs must hold a qualification in law equivalent to a degree
or a post-graduate qualification.
(4) An
appointment made under paragraph (1) –
(a) must
not be for a term exceeding 3 years; and
(b) can
be renewed provided that the total aggregate period of appointment for an
individual under 1 or more of those paragraphs does not exceed 9 years.
(5) For
the purpose of hearing appeals from decisions of the Comptroller under a
Revenue Law, where provision for that appeal is made in that Law, a Commission
of Appeal must be constituted, consisting of –
(a) the
Chair or 1 Deputy Chair; and
(b) any
2 other Commissioners of Appeal.
(6) A
Commission of Appeal has the power to obtain expert advice in cases in which it
considers it to be necessary for the purpose of making a determination, and the
Minister must pay any expenses incurred.”.
32 Article 8 (general
prohibition and exceptions) amended
Article 8(2)(h) is
deleted.
Part 6
Stamp Duties and Fees (Jersey) Law 1998
amended
33 Amendment of the Stamp Duties and Fees (Jersey) Law 1998
This Part amends the Stamp Duties and Fees
(Jersey) Law 1998.
34 Article 1
(interpretation) amended
In Article 1 –
(a) after the definition
“chargeable document” there is inserted –
“ “control”, in relation to a
company (“controlled company”) means the power of 1 or more companies
(“controlling company”) to secure that the affairs of the controlled company
are conducted in accordance with the wishes of the controlling company by means
of –
(a) 1 or more of the following –
(i) the holding, directly or indirectly, of
75% or more of shares (whether in the controlled company or another company),
(ii) the possession, directly
or indirectly, of 75% or more of voting power in or in relation to the
controlled company,
(iii) the holding, directly or
indirectly, of 75% or more of powers conferred by the articles of association
or other document regulating the controlled company or another company;
(b) the right to 75% or more of the profits and
gains of the company;”;
(b) after the definition
“gross value” there is inserted –
“ “group” means a holding company and 1 or more of its subsidiaries
and, for the purposes of this definition, a company (“company A”) is a
subsidiary of another company (“company B”) if –
(a) company B controls
company A; or
(b) company A is a subsidiary
of a company that is itself a subsidiary of company B;
“holding company” means a
company that is not controlled by another company;”.
35 Schedule 1 (judicial
fees) amended
(1) This
Article amends Schedule 1.
(2) In
item 13 of the table in paragraph 3 –
(a) in paragraphs (a) and
(l) for “or (t)” there is substituted “, (t) or (ta)”;
(b) in paragraphs (o)
and (p) for “rate F” there is substituted “£90”;
(c) in paragraph (t)
after “paragraph (a)” there is inserted “or (aa)”;
(d) after paragraph (t)
there is inserted –
|
“(ta)
|
Of
sale within the terms of paragraph (a) or (l) of this item or of gift,
resignation or cession within the terms of paragraph (c) of this item if the
sale, gift, resignation or cession is between companies within the same group
|
£90
|
Contract
|
Greffier”.
|
(3) In
item 46 of the table in paragraph 3, in paragraph (1) for
sub-paragraphs (h) to (j) there is substituted –
|
“
|
(h) exceeds
£2,000,000 but does not exceed £3,000,000
|
£74,500 in respect of the first
£2,000,000 plus £7.50 for each £100 or part of £100 in excess thereof
|
Application
|
Greffier
|
|
|
(i) exceeds
£3,000,000 but does not exceed £6,000,000
|
£149,500 in respect of the first
£3,000,000 plus £10 for each £100 or part of £100 in excess thereof
|
Application
|
Greffier
|
|
|
(j) exceeds
£6,000,000
|
£449,500 in respect of the first
£6,000,000 plus £11 for each £100 or part of £100 in excess thereof
|
Application
|
Greffier”.
|
Part 7
Taxation (Land Transactions) (Jersey) Law 2009
36 Schedule (value of
transaction and rate of LTT applicable) amended
In the Schedule to the Taxation (Land
Transactions) (Jersey) Law 2009 after paragraph 9 there is
inserted –
“9A Transactions between
companies within same group
(1) If
a transaction described in Article 3(1)(a) or (b) is between companies within
the same group, LTT is charged at the rate of £180.
(2) For
the purposes of this paragraph –
“control”, in relation to a
company (“controlled company”) means the power of 1 or more companies
(“controlling company”) to secure that the affairs of the controlled company
are conducted in accordance with the wishes of the controlling company by means
of –
(a) 1 or more of the
following –
(i) the holding, directly or indirectly, of
75% or more of shares (whether in the controlled company or another company),
(ii) the possession, directly
or indirectly, of 75% or more of voting power in or in relation to the
controlled company,
(iii) the holding, directly or
indirectly, of 75% or more of powers conferred by the articles of association
or other document regulating the controlled company or another company;
(b) the right to 75% or more
of the profits and gains of the company;
“group” means a holding company and 1 or more of its subsidiaries
and, for the purposes of this definition, a company (“company A”) is a
subsidiary of another company (“company B”) if –
(a) company B controls
company A; or
(b) company A is a subsidiary
of a company that is itself a subsidiary of company B;
“holding company” means a
company that is not controlled by another company.”.
Part 8
Amendments
to secondary legislation
37 Amendment of the Goods and Services Tax
(Jersey) Regulations 2007
(1) This
Article amends the Goods and Services Tax (Jersey) Regulations 2007.
(2) In
Regulation 6(3) –
(a) for sub-paragraph (d)
there is substituted –
“(d) the Jersey Overseas Aid
Commission;”.
(b) after sub-paragraph (e)
there is inserted –
“(f) the Jersey Resolution
Authority.”.
(3) For
Regulation 23(2) there is substituted –
“(2) A
reference in Regulation 24(4)(a) or (b) to goods is only to goods that are
motor vehicles.
(3) A
reference in Regulation 25, 26 or 27 to goods is only to goods that
are –
(4) In
the heading to Regulation 25 after “motor vehicles” there is inserted “and
cycles”.
38 Amendment of the Goods and Services Tax (International Services
Entities) (Jersey) Regulations 2008
In Regulation 4(1) (basis
of fee) of the Goods and Services Tax (International Services Entities)
(Jersey) Regulations 2008 –
(a) in sub-paragraph (d)
after “under that Law as a managed manager” there is inserted “, but a fee is
not payable if a fee is paid under sub-paragraph (ca)”;
(b) in sub-paragraph (f)
after “registered to carry on fund services business as a managed entity” there
is inserted “, but a fee is not payable if a fee is paid under sub-paragraph (fa)”.
Part 9
Citation
and commencement
39 Citation and commencement
(1) This
Law may be cited as the Finance (2025 Budget) (Jersey) Law 2025.
(2) Articles
9, 10, 13, 14 and 18 come into force on 1 January 2025 immediately after
Article 20 of the Income Tax (Amendment – Stage 2 of Independent Taxation)
(Jersey) Law 2024 comes into force.
(3) Article
31 comes into force on a day to be specified by Order by the Minister for
Treasury and Resources.
(4) The
rest of this Law comes into force on 1 January 2025.