Finance (Jersey) Law 2007

Finance (Jersey) Law 2007 Arrangement Article part 1 565 income tax 565 1 Standard rate of income tax for 2007 . 565 PART 2 565 EXCISE DUTY 565 2 Schedule 1 amended . 565 3 Commencement of Part 2 . 568 PART 3 568 STAMP DUTY 568 4 Interpretation of this Part 568 5 Article 1 amended . 568 6 Item 1 amended . 568 7 Item 13 amended . 568 8 Item 48 added . 569 9 Commencement of Part 3 . 569 PART 4 569 CLOSING PROVISION 569 10 Citation . 569 Finance (Jersey) Law 2007 A LAW to prescribe the standard rate of income tax for the year 2007; to amend further the Customs and Excise (Jersey) Law 1999 so as to vary the duties on alcohol and increase the duties on tobacco and hydrocarbon oil; to amend further the Stamp Duties and Fees (Jersey) Law 1998 so as to revise and add to the provisions in respect of judicial fees and for connected purposes. Adopted by the States 5th December 2006 Sanctioned by Order of Her Majesty in Council 12th December 2007 Registered by the Royal Court 21st December 2007 THE STATES , subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law – part 1 income tax 1 Standard rate of income tax for 200 7 There shall be levied and charged in Jersey for the year 2007, in accordance with the Income Tax (Jersey) Law 1961 [1] , income tax at the standard rate of 20 pence in the pound. PART 2 EXCISE DUTY 2 Schedule 1 amended For paragraphs 1 to 7 of Part 2 of Schedule 1 to the Customs and Excise (Jersey) Law 1999 [2] , there shall be substituted the following paragraphs – “1 Spirits There shall be charged – (a) on all spirits, produced by a small independent distiller of spirits, which are imported into or produced or manufactured in Jersey, excise duty at the rate of £10.67 per litre of alcohol; and (b) on all other spirits imported into or produced or manufactured in Jersey, excise duty at the rate of £21.34 per litre of alcohol. 2 Wines There shall be charged, on all wines imported into or produced or manufactured in Jersey, excise duty at the following rates – Strength of wines Rate per hectolitre Wines exceeding 1.2 % volume but not exceeding 5.5 % volume £51.95 Wines exceeding 5.5 % volume but not exceeding 15 % volume £136.36 Wines exceeding 15 % volume but not exceeding 22 % volume £167.10 Rate per litre of alcohol Wines exceeding 22 % volume £21.34. 3 Beer There shall be charged – (a) on all beer, produced by a small independent brewer, which is imported into or produced or manufactured in Jersey, excise duty at the rate of – (i) £22.53 per hectolitre of beer not exceeding 4.9% volume, and (ii) £33.89 per hectolitre of beer exceeding 4.9% volume; and (b) on all other beer imported into or produced or manufactured in Jersey, excise duty at the rate of – (i) £45.05 per hectolitre of beer not exceeding 4.9% volume, and (ii) £67.78 per hectolitre of beer exceeding 4.9% volume. 4 Cider There shall be charged – (a) on all cider, produced by a small independent cider-maker, which is imported into or produced or manufactured in Jersey, excise duty at the rate of – (i) £21.08 per hectolitre of cider not exceeding 4.9% volume, and (ii) £31.71 per hectolitre of cider exceeding 4.9% volume; and (b) on all other cider, imported into or produced or manufactured in Jersey, excise duty at the rate of – (i) £42.16 per hectolitre of cider not exceeding 4.9% volume, and (ii) £63.42 per hectolitre of cider exceeding 4.9% volume. 5 Other alcoholic beverages There shall be charged, on all alcoholic beverages imported into or produced or manufactured in Jersey (other than wines, beer or cider exceeding 1.2% volume but not exceeding 5.5% volume), excise duty at the rate of £21.34 per litre of alcohol. 6 Tobacco There shall be charged, on all tobacco imported into or grown, produced or manufactured in Jersey, excise duty at the following rates – (a) on unprocessed tobacco £147.82 per kilogramme (b) on cigars £159.94 per kilogramme (c) on cigarettes £200.01 per kilogramme (d) on hand-rolling tobacco £170.00 per kilogramme (e) on other types of processed tobacco not included in sub-paragraphs (b) to (d) £154.80 per kilogramme. 7 Hydrocarbon oil (1) There shall be charged, on hydrocarbon oil imported or delivered into or produced in Jersey, excise duty at the following rate – (a) on higher octane ultra low sulphur petrol £40.97 per hectolitre (b) on all other ultra low sulphur petrol £39.35 per hectolitre (c) on ultra low sulphur diesel £39.35 per hectolitre (d) on all other types of hydrocarbon oil £42.57 per hectolitre. (2) For the purposes of sub-paragraph (1) – (a) petrol is ‘higher octane’ if its research octane number is not less than 96 and its motor octane number is not less than 86; (b) ‘ultra low sulphur petrol’ means unleaded petrol the sulphur content of which does not exceed 0.005% by weight; and (c) ‘ultra low sulphur diesel’ means gas oil the sulphur content of which does not exceed 0.005% by weight.”. 3 Commencement of Part 2 This Part shall be deemed to have come into force on 1st January 2007. PART 3 STAMP DUTY 4 Interpretation of this Part In this Part – (a) “Law” means the Stamp Duties and Fees (Jersey) Law 1998 [3] ; (b) a reference to an item is a reference to the item of that number in Part 1 of the Schedule to the Law. 5 Article 1 amended In Article 1 of the Law for the definition “net value” there shall be substituted the following definition – “ ‘net value’ means, in relation to any property conveyed or disposed by a contract or in relation to the personal estate of a deceased person, the market value of the property at the time of passing of the contract or death of the deceased disregarding any life interest or lease or licence to which the property is subject but taking account of any servitude pertaining to the property, less the amount of any existing registered charges for which the contract provides that the purchaser or transferee shall assume liability or any charges or taxes payable on the personal estate of the deceased;”. 6 Item 1 amended In item 1, for paragraph (C) of the proviso to paragraph (ba) there shall be substituted the following paragraph – “(C) all the same persons have acknowledged indebtedness in both the new borrowing document and the registered borrowing document;”. 7 Item 13 amended In item 13, in paragraph (C) of the proviso to paragraph (b) for the words “the purchaser has never previously been entitled to occupy dwelling accommodation wherever situated” there shall be substituted the words “he or she has never owned a reversionary interest in any dwelling accommodation wherever situated nor has he or she ever previously been entitled to occupy such dwelling accommodation”. 8 Item 48 added After item 47 there shall be added the following item – “48. PLANNING APPEALS “ON THE PAPERS” For Planning Appeals dealt with by the Greffier without the need for an oral hearing under the provisions of Rule 15/3C of the Royal Court Rules 2004 [4] £200 Notice of Appeal Greffier” 9 Commencement of Part 3 This Part shall be deemed to have come into force on 1st January 2007. PART 4 CLOSING PROVISION 10 Citation This Law may be cited as the Finance (Jersey) Law 2007. m.n. de la haye Greffier of the States [1] chapter 24.750 [2] chapter 24.660 [3] chapter 24.960 [4] chapter 07.770.72