Consultations on trust company business fees and fees for designated non-financial businesses and professions
We are asking for feedback on our proposed fee rates for trust company businesses and designated non-financial businesses and professions (DNFBP, or Schedule 2 firms).
We are suggesting a 0.9% increase in the fee rates for both sectors. In addition to applying an inflationary uplift within the existing fees mechanisms, we are also suggesting alternative ways in which we can raise fees income.
During the course of this consultation, we will be holding strategic discussions with representative bodies to explain the proposals and develop a shared understanding of the approach.
The deadline for feedback is 18 December 2020. You can either send your responses to us directly or to Jersey Finance.
The final fees notice will take effect on or before 1 January 2021. We will notify businesses when their invoices are ready to process via their myJFSC accounts.
If your business is experiencing financial constraints due to Covid-19 and you are concerned about paying your fees on time, you should contact your supervisor.