The official version of this document can be found via the PDF button.
The below content has been automatically generated from the original PDF and some formatting may have been lost, therefore it should not be relied upon to extract citations or propose amendments.
WQ.1/2021
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY SENATOR S.Y. MÉZEC
QUESTION SUBMITTED ON MONDAY 18th JANUARY 2021 ANSWER TO BE TABLED ON MONDAY 25th JANUARY 2021
Question
Will the Minister provide details of the number of taxpayers earning in excess of £1 million per year for each of the last 10 years?
Answer
Year | Number of individuals with earned income declared over £1m |
2010 | 21 |
2011 | <12 |
2012 | <12 |
2013 | <12 |
2014 | <12 |
2015 | 13 |
2016 | 12 |
2017 | 17 |
2018 | 15 |
2019 | 36 |
Notes
• This data set represents individuals who earned more than £1 million annually (and so excludes married people and civil partners whose joint income exceeds £1 million.)
• Data sets <12 are not reported in line with the Comptroller's standing policy to guard taxpayer confidentiality.
• Data largely comprises earned income but will include some unearned income.
• For this purpose, "Earned Income" includes:
o Salaries
o Wages
o Directors fees and similar remuneration from companies
o Profits from self-employment
o Share of profits from partnerships
• Unearned Income includes:
o All investment income such as:
Bank interest
Distributions from companies
Income from let property
o Income from pensions
• The marked increase in 2019 remains subject to audit and peer-review and may partly be explained by differences in the way data is managed in the new Revenue Management System.