The Jersey Government has launched a consultation on the tax treatment of mutual trading, which has long been regarded in Jersey as a person trading with themselves for tax purposes and therefore outside the scope of income tax. However, it has been put forward that a review should be made of this principle. Jersey's current position and the main question of the consultation are summarized as follows: For the purposes of taxation in Jersey the receipts of a members’ organisation from its mutual trading with members are not treated as “income” and accordingly the profits from such receipts are not...