FINANCE (JERSEY)
LAW 2002
____________
A
LAW to
prescribe the standard rate of income tax for the year 2002; to amend further
the Income Tax (Jersey) Law 1961 regarding relief for child care and to abolish
Schedule C; and to amend further the Customs and Excise (Jersey) Law 1999 so as
to increase excise duty on alcoholic beverages, tobacco and hydrocarbon oils;
sanctioned by Order of Her Majesty in Council of the
22nd day of MAY 2002
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(Registered on the 21st day
of June 2002)
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STATES OF JERSEY
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The 15th day of January 2002
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THE STATES, subject to the sanction of Her Most Excellent Majesty in Council,
have adopted the following Law -
ARTICLE 1
Interpretation
In this Law, “1961
Law” means the Income Tax (Jersey) Law 1961,
as amended.
Income tax
ARTICLE 2
Standard rate of income tax for 2002
There
shall be levied and charged in the Island for the year 2002, in accordance with
the 1961 Law, as amended by any subsequent enactment, including this Law,
income tax at the standard rate of twenty pence in the pound.
ARTICLE 3
Increase in maximum child
care tax relief
(1) In Article 92B(2)(c) of the 1961 Law, for the amount “£5000” there shall be substituted the amount
“£6000”.
(2) This Article shall have effect for the year
2002 and ensuing years.
ARTICLE 4
Abolition of Schedule C
(1) In Article 1 of the 1961 Law the words “Schedule C - Article 58;” shall be omitted.
(2) Part IX of the 1961 Law shall be repealed.
(3) In Article 61(b) of the 1961 Law, the words “or C” shall be omitted.
(4) In Article 62 of the 1961 Law6 -
(a) under Case III -
(i) after paragraph (d) there shall be added
the following paragraph -
“(e) interest and dividends payable out of the
public revenues of the Island or by coupon;”,
(ii) the words “except such income as is charged
under Schedule C;” shall be omitted;
(b) under Case IV, for the words “except such income as is charged
under Schedule C” there shall be substituted the words “(whether or not payable
by coupon)”;
(c) under Case VI, the words “or C” shall be omitted.
(5) In Article 70 of the 1961 Law, in paragraph (l), the words “, except in so far as such
interest is chargeable under Schedule C” shall be omitted.
(6) In Article 83 of the 1961 Law, the words “charged to tax under Schedule C,” shall be omitted.
(7) In Article 118(2) of the 1961 Law, the words “Schedule C and” shall be omitted.
(8) After Article 118 of the 1961 Law, there shall be inserted the following Article -
“ARTICLE 118A
Exemption in respect of
States of Jersey securities held by
non-residents
Where the Finance and Economics
Committee issues any securities which it has power to issue for the purposes of
raising any money or loan with a condition that the interest on the securities
shall not be liable to income tax so long as it is shown that the securities
are in the beneficial ownership of persons who are not ordinarily resident in
the Island, the interest on securities issued with such a condition shall be
exempt from tax.”.
(9) In the proviso to Article 142(1) of the
1961 Law, the words “under Schedule C or” shall be omitted.
(10) This Article shall have effect for the year
2002 and ensuing years.
Excise duty
ARTICLE 5
Increase of duty on
alcohol, tobacco and hydrocarbon oil
(1) For Part II of the First Schedule to the
Customs and Excise (Jersey) Law 1999, as amended, there shall be substituted the following Part -
“PART II
(Article 38)
GOODS CHARGEABLE WITH EXCISE DUTY AND RATES OF DUTY
Spirits
1. There shall be charged on all spirits
imported into or distilled or produced in the Bailiwick excise duty at the rate
of £18.23 per litre of alcohol.
Wines
2. There shall be charged
on all wines imported into or produced or manufactured in the Bailiwick excise
duty at the following rates -
|
Strength of wines
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Rate per hectolitre
|
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Wines exceeding 1.2 per cent volume but not exceeding 5.5 per cent
volume
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£36.57
|
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Wines exceeding 5.5 per cent volume but not exceeding 15 per cent
volume
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£109.53
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Wines exceeding 15 per cent volume but not exceeding 22 per cent
volume
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£134.23
|
|
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Rate per litre of alcohol
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Wines exceeding 22 per cent volume
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£18.23.
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Beer
3. There shall be charged -
(a) on
all beer produced by a small independent brewer which is imported into or
manufactured in the Bailiwick excise duty at the rate of -
(i) £26.16 per hectolitre of beer not exceeding 4.9 per cent
volume; and
(ii) £40.61 per hectolitre of beer exceeding 4.9 per cent volume; and
(b) on
all other beer imported into or manufactured in the Bailiwick excise duty at
the rate of -
(i) £30.77 per hectolitre of beer not exceeding 4.9 per cent
volume; and
(ii) £46.31 per hectolitre of beer exceeding 4.9 per cent volume.
Other alcoholic beverages
4. There shall be charged
on the following alcoholic beverages imported into or produced in the Bailiwick
the following rates of duty -
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(a) cider not exceeding 4.9 per cent volume
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£30.77 per hectolitre
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(b) any
other cider
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£46.31
per hectolitre
|
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(c) any alcoholic beverage other than wines,
beer or cider exceeding 1.2 per cent volume but not exceeding 5.5 per cent
volume
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£36.57 per hectolitre.
|
Tobacco
5. There shall be charged on all tobacco imported into or grown,
produced or manufactured in the Bailiwick excise duty at the following rate -
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(a)
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on unprocessed tobacco
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£89.96 per kilogramme
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(b)
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on cigars
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£97.34 per kilogramme
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(c)
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on cigarettes
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£121.74 per kilogramme
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(d)
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on hand-rolling tobacco
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£103.46 per kilogramme
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(e)
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on other types of processed tobacco not included in paragraphs (b)
to (d)
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£94.21 per kilogramme.
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Hydrocarbon oil
6.-(1) There shall be charged on hydrocarbon oil imported or
delivered into or produced in the Bailiwick excise duty at the following
rate -
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(a) on
higher octane ultra low sulphur petrol
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£28.20 per hectolitre
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(b) on
all other ultra low sulphur petrol
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£26.70 per hectolitre
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(c) on
ultra low sulphur diesel
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£26.70 per hectolitre
|
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(d) on
all other types of hydrocarbon oil
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£29.70 per hectolitre.
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(2) For the purposes of this paragraph -
(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;
(c) “ultra low sulphur diesel” means gas oil
the sulphur content of which does not exceed 0.005% by weight.”.
(2) This Article shall be deemed to have come
into force on the first day of January 2002.
Closing provision
ARTICLE 6
Citation
This Law may be
cited as the Finance (Jersey) Law 2002.
C.M.
NEWCOMBE
Greffier of the States.