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 2022 was 5.0% (2021: 5.0%).
Actual 2021 ($000) | Charge | Actual 2022 ($000) |
---|---|---|
$23,110 | Capital charge | $24,248 |
Last updated:
22 Aug 2022