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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY T.M. PITMAN OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY 28th APRIL 2009
Question
Would the Minister advise the Assembly as to the actual (or projected) income tax return from the Island's 1(1)(k) residents for 2008; further still, how these compare to that of 2005, 2006 and 2007?
Answer
The total tax receipts from the Island's 1(1)(k) residents for 2005, 2006 and 2007, compiled from the latest Tax Returns and tax assessments at the Income Tax Office, incorporating personal, corporate and trust tax paid by or on behalf of 1(1)(k)'s, are as follows:
2005 - £7.1 million 2006 - £8.1 million
2007 - £8.8 million
It is not possible to give 2008 details at the current time as the 2008 assessing programme for all personal taxpayers, including 1(1)(k)'s, will not be completed until end October, 2009.