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Jersey Proposals to Cut Employee Social Security Contributions by 2% and Change All Taxpayers to the Current Year Basis of Paying Tax

31 July 2020

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Proposed Changes

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Jersey

The Jersey Government has announced a proposal by Assistant Social Security Minister, Deputy Scott Wickenden for a cut in employees' social security contributions by 2%, which will be debated by the States Assembly in September. If approved, the 2% cut in rates will apply from 1 October 2020 until 30 June 2021. The Jersey Government has also announced a proposal by Treasury and Resources Minister, Deputy Susie Pinel to accelerate the plan to put all taxpayers onto the Current Year Basis (CYB) for paying income tax. Currently, approximately two-thirds of Jersey taxpayers are paying tax in arrears, known as Prior...