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High Value Residents and company tax revenue (FOI)

High Value Residents and company tax revenue (FOI)

Produced by the Freedom of Information office
Authored by Government of Jersey and published on 09 September 2019.
Prepared internally, no external costs.



Can you please provide the gross amount of tax paid by companies annually from the year 2000?


Can you please split those figures between financial businesses, retail and other businesses up until the introduction of zero ten?


Can you please provide the annual number of people living in Jersey as 1(1)k residents since 1970?


Can you please state how many of the above people (in question C) have elected to pay full tax since they qualified for residency under their own rights and how many are still on the original deals negotiated at the time of their relocation to Jersey?



The information requested is absolutely exempt under Article 23 of the Freedom of Information (Jersey) Law 2011 as it is reasonably available to the applicant by other means.

For 2006 to 2016 please refer to the following page of the Government of Jersey website:

States of Jersey tax receipts

Information for the earlier years can be sourced from the States of Jersey accounts at:

States of Jersey accounts

The first accounts listed are for 2003 but the required information for 2000, 2001 and 2002 is available within the 2003 report.


Information held provides some indicative figures as shown in the table below. It should be noted that the information recorded at the time for the “Financial Sector” will have included more and / or different businesses than those that are defined as “Financial Services” businesses post zero / ten. Retail is also not shown separately but there is an amount included for “Wholesale and retail distribution”. Investment holding companies are excluded entirely from the figures presented.

The indicative figures are as follows:-

​Year of Assessment

Financial Sector

​Wholesale and Retail Distribution

​Other Businesses 


​2008​£168.0m£​14.4m £​40.8m​£223.2m


Note: The figures in the table include tax payable by International Business Companies (IBCs). The IBC regime ceased with effect from the 2011 year of assessment.

C and D

Since 1970 there have been a number of High Value Residents (previously referred to as 1(1)(k)s) that have been approved, arrived, departed and died. Revenue Jersey does not hold annual records covering that 50 year period. The history of the 1(1)(k) report published in 2010 provides some information about the number of 1(1)(k)s relocating in the early years, together with a response to an FOI request earlier this year.

History of the 1(1)K Policy

High Value Residents numbers (FOI)

The latest review of the High Value Residents tax regime was published in 2016 and is available at the following link:

Post-Implementation Review of Jersey's High Value Residents Regime

That review reported that there were 83 individuals who arrived before 2005. In 2005 legislation was introduced so that High Value Residents did not pay a set amount of income tax but were able to access preferential tax rates with an expectation that they would pay either £100,000, £125,000 or £145,000, (depending on their approval date), annual personal income tax.

Article applied

Article 23 Information accessible to applicant by other means

(1) Information is absolutely exempt information if it is reasonably available to the applicant, otherwise than under this Law, whether or not free of charge.

(2) A scheduled public authority that refuses an application for information on this ground must make reasonable efforts to inform the applicant where the applicant may obtain the information.

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