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From the 2024 year of assessment, eligible Jersey financial-services companies can deduct 150% of qualifying RegTech spend when they work out taxable profits. Read the official guidance on gov.je
In short: for every £1 spent, £1.50 can be deducted. This applies to both day-to-day costs and longer-term assets.
Our goal with this page is to make it easy to understand what counts, who can claim, and how to claim – so that more teams can invest in safer, faster compliance.
Who it’s for: Jersey financial-services firms regulated by the JFSC and taxed at 10%.
What qualifies: Software, hardware, and external training used directly for defined regulatory compliance activities (see the four activity buckets below).
What it’s worth:
– OpEx: an extra deduction equal to 50% of qualifying spend (so at 10% tax, the extra saving is 5% of the spend).
– CapEx: a 150% first-year capital allowance (with carry-forward if needed).
How to claim: Firms tick the RegTech super-deduction box in their online company tax return and keep normal records (invoices + a short note linking the spend to compliance).
A company can claim if:
Typical examples include:
Three categories only:
General compliance training and general office IT are out of scope.
Spend must directly support one or more of these activities set out in law:
When you spend money on RegTech, your finance team will classify it as either OpEx (Operating Expenditure) or CapEx (Capital Expenditure). The label matters because it changes how you claim the 150% relief.
OpEx = running costs (short-term).
Think: renting a tool when you need it. These are day-to-day costs that are “used up” this year and go straight through your profit & loss account.
CapEx = long-term assets (multi-year).
Think: buying a tool you’ll keep. These create an asset you use for more than one year and sit on your balance sheet.
How the 150% super-deduction applies
OpEx (year of spend): you deduct 150% of the qualifying cost in the same year you pay it.
Example: £40,000 of eligible subscriptions → £60,000 tax deduction.
CapEx (first year, with carry-forward): you get a 150% first-year capital allowance. If you can’t use it all (e.g., profits are low), the unused amount carries forward in a separate “150% pool” to use later.
If a platform includes both admin and compliance features, firms can apportion the cost to the compliance elements using a sensible, written method:
If you price compliance modules/tiers separately, the compliance module can be included in full. For hardware, the overwhelming majority of use must be for compliance.
