Moore Stephens Channel Islands

This week, we marked Earth Day with local litter picks across both Channel Islands. 🌍

Our Guernsey team picked up litter along parts of the Victor Hugo Trail in St Peter Port, whilst our Jersey team took part in a beach clean at St Aubin’s Bay.

A special mention to Marie Hards and her dog Phoebe for getting involved with an evening litter pick. 🐾

It was a great way to come together for Earth Day and do our bit to care for the places where we live and work.

Since launching our Social Ambition, we’ve also planted 1,249 trees in the Moore Forest with Treedom.

For many offshore companies and fund structures holding UK rental property, their accounting year-end falls on 31 March or 5 April. This date can vary and it is important to check your specific position.

With UK Corporation Tax filing deadlines falling 12 months after year-end, now is the right time to review your accounting period, make sure you have completed the 2024/25 return due in March or April this year and think about return and payment deadlines for 2025/26.

This includes:
- Confirming your year-end date.
- Ensuring there are no outstanding compliance matters from previous returns (consider legislation changes historically and make sure the returns are aligned to those changes).
- Consider new structures and whether you have registered with HMRC.
- Reviewing any property disposals to ensure they have been captured and the documentation is in place.
- Ensuring accounting records are complete and up to date with supporting documentation.
- Check future payment deadlines (typically 9 months and 1 day after accounting year-end for small and medium-sized companies or quarterly for large or very large companies).
- Be organised to have accurate details to be able to estimate corporation tax due and settle by the payment deadline to avoid late payment interest charges.

Early preparation helps reduce risk, avoid delays and ensure filings are completed accurately.

Businesses should also be mindful of UK ATED obligations for qualifying residential property and ongoing UK VAT requirements for commercial assets.

At Moore Stephens, we provide practical, tailored support to help clients manage their tax responsibilities with confidence.

If you’re interested in a timeline review or an independent assessment of your current approach, please contact our Jersey Tax Director, Giles Morison or Jersey Tax Manager, Andrew Bougourd.

https://channelislands.moorestephens.com/services/tax-services/

All Jersey entities are required to appoint a Nominated Person to act as the main point of contact with the Jersey Financial Services Commission and complete the annual confirmation statement.

This can be done via the JFSC’s myRegistry platform and must be submitted by the end of February each year.

At Moore Stephens, we offer an in-house Nominated Person Service, providing local businesses with peace of mind that these obligations are managed accurately and on time.

As your nominated person, we can:
- Act as the authorised contact between your entity and the Registry
- Complete and submit the annual confirmation statement
- Maintain and submit required records, including dividend vouchers, minutes and solvency statements
- Ensure sensitive information is handled appropriately and deadlines are met

This service is particularly valuable for local businesses looking to reduce administrative workload and avoid the risk of missed filings or errors.

If you’d like to discuss appointing a member of the Moore Stephens team as your nominated person, or would like support ahead of the next filing deadline, please get in touch with Stef Boschat.

Meet Phillip Callow, our Managing Director for Jersey and Guernsey.

With almost 20 years of experience in the Channel Islands’ financial services industry, Phillip combines technical expertise with a people-first leadership style. He’s passionate about empowering future leaders, fostering strong client relationships and driving the growth of Moore Stephens across the islands.

At the heart of Phillip’s approach is a focus on culture and autonomy, ensuring our people and clients thrive.

Outside of work, you’ll often find Phillip riding his motorcycle around Jersey.

See his recent interview with Channel Eye in the comments below.