Taxation of High Value residents (FOI)

Request

A

Please can you advise on what the total tax revenue / income was in 2018 from all 11k’s.

B

Please can you advise how many Islanders are settled on 11k status.

C

Please can you advise on the total tax revenue / income was in 2018 from all GST.

Response

Consistent with previous information provided by Revenue Jersey in respect of Jersey’s ‘High Value Residents’ (‘HVRs’ referred to as ‘11ks’ in the question), the information provided below at questions A and B relates to those individuals who come to Jersey by obtaining “entitled status” under Regulation 2(1)(e) of the Control of Housing and Work (Residential and Employment Status) (Jersey) Regulations 2013 and those who have access to preferential tax rates.

A

The total income from HVRs payable in 2018 (in respect of the year of assessment 2017) was approximately £13.4m.

B

The number of HVRs resident in Jersey continually varies due to those taking up residence and those leaving the Island. Current records indicate there are 166 resident HVRs (this figure includes those HVRs that will have taken up residence in 2018 and in 2019 to date).

C

States of Jersey revenues are recorded each year in the States of Jersey annual report and accounts. The 2018 GST revenue details can be found on page 168 of the 2018 accounts in the following link.

Historic annual report and accounts for the Government of Jersey