The surplus is required to be paid to the Crown by 31 October of each year.
|
Actual 2020 ($000) |
Actual 2021 ($000) |
|
|---|---|---|
| $54,946 | Net surplus/(deficit) | $5,485 |
| $(1,502) | Plus unrealised (gain)/loss in forward foreign exchange contracts | $98 |
| $53,444 | Total surplus payable to the Crown | $5,583 |
The net surplus includes an underspend of $1.370 million for transformation which will be transferred to 2021-22 as part of Inland Revenue’s multi-year appropriation.
Last updated:
02 Nov 2021