01 March 2012
Jersey’s Tax Office achieved an all-time high tax collection rate of 99.6% in 2011. This compares to a recently announced UK rate of approximately 96%.
Tax collection performance has improved each year since 2008, with a significant decline in ‘write-offs’ in 2011. This improvement has been due to an increased emphasis on collection, with resources refocused on pursuing debts, and also factors like the introduction of Income Tax Instalment System (ITIS).
The Treasurer of the States, Laura Rowley, said “I am absolutely delighted that our tax office has achieved such a significant and positive result. There is no room for complacency and we will continue to work hard to improve. We are now identifying areas where losses could be further minimised, for example whether moving to a current year basis of tax would reduce the loss of tax from those who leave the Island. However, it is very encouraging that we are performing at such a high level already.”
The Treasury & Resources Minister, Senator Philip Ozouf said “I would like to congratulate the Income Tax team on this good result. I know they have worked hard to achieve this very high tax collection rate.”