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WQ.160/2022
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY M.B. ANDREWS OF ST. HELIER NORTH
QUESTION SUBMITTED ON MONDAY 12th SEPTEMBER 2022 ANSWER TO BE TABLED ON TUESDAY 20th SEPTEMBER 2022
Question
Will the Minister provide the total revenue generated by the income tax scheme for High-Net-Worth Individuals since the inception of this scheme?
Answer
A High Value Resident statutory scheme was first introduced in 2005, since then there have been four versions of the tax regime that forms part of the wider scheme.
Personal income tax from High Value Residents by year:
|
Year |
Amount |
|
2005 |
7m |
|
2006 |
8m |
|
2007 |
9m |
|
2008 |
£7m |
|
2009 |
£11m |
|
2010 |
£10m |
|
2011 |
£10m |
|
2012 |
£9m |
|
2013 |
£11m |
|
2014 |
£12m |
|
2015 |
£10m |
|
2016 |
£13m |
|
2017 |
£15m |
|
2018 |
£17m |
|
2019 |
£21m |
|
2020 |
£22m |
|
Total |
£192m |
Figures are rounded to the nearest £m, so the total shown is the sum of the rounded values 2005 to 2020. Some of the data has been provided previously:
Tax data relating to high-value residents (“HVRs”) – prepared 4 March 2015
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