Inland Revenue pays a capital charge to the Crown on taxpayers’ funds as at and 31 December and 30 June each year. This is recognised as an expense in the period to which the charge relates.
The capital charge rate for the year ended 30 June 2023 was 5.0% (2022: 5.0%).
Actual 2022 ($000) | Charge | Actual 2023 ($000) |
---|---|---|
$24,248 | Capital charge | $23,107 |
Last updated:
19 Dec 2023