JFSC Reminds Jersey Companies to Meet Annual Return Deadline

Tuesday 20 February 16:52

The Jersey Financial Services Commission (JFSC) has issued a reminder to all registered Jersey companies that they have eight days to file their annual returns or face penalties.

The deadline for submitting an annual return is 28 February 2018. Any submissions after this date will automatically incur late filing fees which incrementally increase by £50 per month until the end of June. 
From July, the JFSC Companies Registry will send out “strike off” notices to any outstanding companies and late filing fees will increase by an additional £100 per month. 
If registered Jersey companies fail to file their annual returns by 1 October 2018 they face being struck off the register.
Julian Lamb, JFSC Director of Registry commented:
“The deadline for annual returns is traditionally the end of February, apart from last year when there was an extension to meet the Beneficial Ownership and Control requirements. We want to make sure that Islanders do not mistakenly assume that last year’s extension applies this year. I would, however, like to take this opportunity to remind all registered Jersey companies that if their Beneficial Ownership and Control information changes, they need to inform us, usually within 21 days of those changes taking place.” 
The JFSC is urging registered Jersey companies to complete their annual returns online to benefit from a £10 discount, reducing the cost to £200. Filing a paper annual return costs £210. 
Anyone who requires assistance or has any queries about completing their annual return can contact the Companies Registry by phone, email or in person.
The Annual Return Form is available on the JFSC’s website here: https://www.jerseyfsc.org/media/1608/form-c20-nov2017.pdf

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