The Comptroller of Income Tax is entitled to cream off 25% of the taxes collected on behalf of EU countries from EU residents who have savings accounts in Jersey but who prefer not to divulge their details to their home tax authorities.
In all, Jersey paying agents retained a total of £35.62 million of tax from the interest on those savings, in accordance with the EU savings tax directive.
Two-thirds of the total came from UK savers and French and Spanish savers together accounted for 13% of the whole.
Treasury Minister Philip Ozouf said: ‘This shows that Jersey continues to honour the commitments that it entered into voluntarily in the agreements with member states. This co-operation will continue in the future.’
