Inland Revenue pays a capital charge to the Crown on taxpayers’ funds as at 30 June and 31 December 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 2021 was 5.0% (2020: 6.0%).
Actual 2020 ($000) |
Actual 2021 ($000) |
|
---|---|---|
$23,363 | Capital charge | $23,110 |
Last updated:
02 Nov 2021