Number of 1(1)(k) residents are currently living and liable for income tax in the Island
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1240/5(4049)
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY S. PITMAN OF ST. HELIER
ANSWER TO BE TABLED ON MONDAY 8th SEPTEMBER 2008
Question
How many 1(1)(k) residents are currently living and liable for income tax in the Island; what is the declared income of each of these residents and how much income tax do they pay individually and collectively?
Answer
The number of 1(1)(k) residents who were liable to Jersey income tax for the year of assessment 2006, which is the most up to date information available as the 2007 tax assessments have not yet been finalised, is 135. The amount of Jersey income tax payable for the year of assessment 2006, both personally and through any companies, trusts or settlements in which they have a connection, is approximately £8 million The Royal Court oath of office taken by the Comptroller of Income Tax prevents him from providing specific details, such as income and the tax liability, of an individuals income tax affairs. That oath
applies to 1(1)k's in the same manner as to any other taxpayer.