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WQ.476/2023
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY M.B. ANDREWS OF ST HELIER NORTH
QUESTION SUBMITTED ON MONDAY 4th DECEMBER 2023
ANSWER TO BE TABLED ON MONDAY 11thDECEMBER 2023
Question
“Will the Minister state the annual revenue from Corporate Income Tax as a percentage of the Government revenue for the period 2018 to 2022?”
Answer
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
|
Total corporate income tax (£m) |
100 |
115 |
120 |
85 |
122 |
|
Total government revenue (£m) |
1,244 |
1,305 |
1,290 |
1,435 |
1,528 |
|
Corporate income tax as % of government revenue |
8.0% |
8.9% |
9.3% |
5.9% |
8.0% |
Notes
- Total corporate tax revenue has been taken from Government of Jersey tax receipts on Gov.je.
- Corporate income taxis accrued for based on company returns’ assessable income. Revenue therefore relates to the previousyearof assessment and includes adjustments from earlier years.
- Government revenue has been interpreted to mean total income ofthe States in the Consolidated Accounts, before gains/losses on financial assets, as reported in the Annual Report and Accounts. Thisis consistent with the position taken in the response to the Deputy ’s previous Written Question 425/2023.