Financial Supervision Commission: Increase In Non-Resident Company Duty

With effect from 1st April 2003, the rate of Non-Resident Company Duty ("NRCD") is being increased to £1000.

Directors and Secretaries of non-resident companies are advised that the new rate of NRCD will apply to any Annual Return delivered to the Financial Supervision Commission on or after 1st April 2003. It should be noted that Annual Returns delivered prior to this date which are rejected and re-delivered after 1 April 2003 will attract the new rate of NRCD.