Finance (Jersey) Law 1970

Jersey Law 2/1970 FINANCE (JERSEY) LAW, 1970. ____________ A LAW to continue certain expiring fiscal laws, to prescribe the standard rate of income tax for the year nineteen hundred and seventy and to amend the Law relating to corporation tax, sanctioned by Order of the 28th day of APRIL, 1970. of the Counsellors of State on behalf of Her Majesty, being authorized thereto by Letters Patent dated the 27th day of February, 1970. ____________ ( Registered on the 22nd day of May, 1970 ). ____________ STATES OF JERSEY. ____________ The 16th day of December, 1969. ____________ T HE STATES , subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law: - PART I CONTINUATION OF EXPIRING FISCAL LAWS ARTICLE 1 The Laws mentioned in the Schedule to this Law, as amended and continued in force by any subsequent enactment, shall remain in force until the thirty-first day of December, nineteen hundred and seventy. PART II STANDARD RATE OF INCOME TAX FOR 1970 ARTICLE 2 There shall be levied and charged in the Island for the year nineteen hundred and seventy, in accordance with the provisions of the Income Tax (Jersey) Law, 1961, 1 as amended by any subsequent enactment, 2 income tax at the standard rate of four shillings in the pound. PART III AMENDMENT OF CORPORATION TAX LAW ARTICLE 3 For Article 3 of the Corporation Tax (Jersey) Law, 1956, 3 as amended, 4 there shall be substituted the following Article – “ARTICLE 3 RATE OF TAX The amount of corporation tax leviable in any year shall be two hundred pounds and such tax shall be paid to the Comptroller of Income Tax on or before the thirtieth day of June in that year: Provided that in the first year in which a company is incorporated, the amount of corporation tax leviable shall be at the rate of one-twelfth of two hundred pounds for each month or part thereof (including the month in which the Company is incorporated) in that year and such amount shall be paid to the Comptroller of Income Tax on or before the thirty-first day of December in that year.” ARTICLE 4 The provisions of this Part of this Law shall have effect for the year nineteen hundred and seventy and ensuing years. PART IV SHORT TITLE ARTICLE 5 This Law may be cited as the Finance (Jersey) Law, 1970. SCHEDULE (Article 1) FISCAL LAWS CONTINUED IN FORCE Import Duties (Jersey) Law, 1932. 5 “ Loi (1937) sur la perception d’un impôt sur le tabac”. 6 “ Loi (1937) sur la perception d’un impôt sur la bière”. 7 “ Loi (1940) autorisant la perception d’un impôt sur certaines huiles et essences”. 8 Import Duty on Oils and Spirits (Administration) (Jersey) Law, 1940. 9 A.D. LE BROCQ, Greffier of the States. 1 Tome 1961–1962, page 197. 2 Tome 1961–1962, page 445, Tome 1963–65, pages 97, 115, 143, 178, 190, 423 and 454, Tome 1966–1967, pages 420 and 523 and Tome 1968–1969, pages 38, 200 and 219. 3 Tome 1954–1956, page 493. 4 Tome 1966–1967, page 425. 5 Tome VII, page 148. 6 Tome 1937–1938, page 95. 7 Tome 1937–1938, page 99. 8 Tome 1939–1945, page 253. 9 Tome 1939–1945, page 257.