Tax paid by High Value Residents (FOI)
Tax paid by High Value Residents (FOI)Produced by the Freedom of Information office
Authored by Government of Jersey and published on 13 January 2022.
Prepared internally, no external costs.
I wanted to know more about tax paid by HVR.
I have found FOI responses for the period up to 2016 so one of my questions is about updated information.
For the tax years 2017 - 2020:
- how many individual taxpayers were assessed and taxed under the HVR regime?
- how much tax did they pay?
Of the total number of people with HVR status, how many paid less than the published minimum Jersey income tax threshold of £145,000?
What is the mechanism and enforcement process to ensure all those granted 1.1.(k) or HVR continue to pay each year the amount of tax set out as a condition of the status granted?
Over the last 10 years, how many people granted HVR (or it's predecessor) have had their residence rights withdrawn as a result of paying insufficient tax to meet the criteria?
The information requested is publicly available on www.gov.je and is therefore exempt under Article 23 of the Freedom of Information (Jersey) Law 2011.
Written question on High Value Residents, March 2021
In 2016, Revenue Jersey undertook a Post-Implementation Review of Jersey's High Value Residents Regime applicable since July 2011. Following this review, the High Value Residents (HVR) regime for new arrivals from 2018 was amended to provide that all HVRs are assessed and charged to their prescribed limit (currently £145,000 p/a), regardless of their income. Therefore, all HVRs under this regime have paid the full amount of their applicable prescribed limits.
Please note, as the question makes reference to the current prescribed limit, we have answered this question with regards to the current regime only.
Post-Implementation Review of Jersey's High Value Residents Regime applicable since July 2011
All HVRs have a contractual obligation with the Government of Jersey to fulfil the conditions of their licence each year. These obligations extend beyond their tax affairs. In the event that an individual fails to satisfy the conditions attached to their licence, their HVR status may be revoked.
HVRs are subject to the same penalties, surcharges and debt collection enforcement practices as any other taxpayer in the event that they do not pay their full income tax liability.
In the last 10 years, no individuals within the HVR regimes have had their residence rights withdrawn as a result of paying insufficient tax.
Article 23 - Information accessible to applicant by other means
Information is absolutely exempt information if it is reasonably available to the applicant, otherwise than under this Law, whether or not free of charge.
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.