Duty Assessed and Collections for the year ended 31 March 2003

Estate Duty	Assessments issued before 1 April 2002 (Dollars thousand)	Original Assessments issued in 2002-03 (Dollars thousand)	Additional Assessments issued in 2002-03 (Dollars thousand)	Total (Dollars thousand)
Outstanding charges brought forward from 2001-02	249,938	-	-	249,938
Less： Amount discharged	10,635	-	-	10,635
Net outstanding charges brought forward from 2001-02	239,303	-	-	239,303
Net duty assessed	-	1,894,648	1,785	1,896,433
Penalties charged	-	24,650	128	24,778
Interest charged	6,184	155,343	668	162,195
Total amount payable	245,487	2,074,641	2,581	2,322,709
Less：Amount paid on account before 1 April 2002	-	1,801,831	1,766	1,803,597
Net duty, penalties and interest payable in 2002-03	245,487	272,810	815	519,112
Less：Outstanding charges carried forward to2003-04	150,162	113,234	-	263,396
Net duty, penalties and interest paid in 2002-03	95,325	159,576	815	255,716
Add：Duty and interest paid on account in respect of assessments to be issued in subsequent years	-	1,146,986	-	1,146,986
Total collections in 2002-03	95,325	1,306,562	815	1,402,702

Original Assessments issued in 2002-03

Original Assessments issued in 2002-03	Estates valued under $2m (Dollars thousand)	Estates valued $2m to $4m (Dollars thousand)	Estates valued $4m to $10m (Dollars thousand)	Estates valued $10m to $20m (Dollars thousand)	Estates valued over $20m (Dollars thousand)	Total original assessments (Dollars thousand)
Net duty assessed	144	872	50,659	212,844	1,630,129	1,894,648
Penalties charged	91	451	2,255	5,560	16,293	24,650
Interest charged	302	1,178	11,469	23,392	119,002	155,343
Total amount payable	537	2,501	64,383	241,796	1,765,424	2,074,641
Less：Amount paid on account before 1 April 2002	97	1,616	47,424	188,179	1,564,515	1,801,831
Net duty, penalties and interest payable in 2002-03	440	885	16,959	53,617	200,909	272,810
Less：Outstanding charges carried forward to 2003-04	170	-	7,140	12,031	93,893	113,234
Net duty, penalties and interest paid in 2002-03	270	885	9,819	41,586	107,016	159,576
Add：Duty and interest paid on account in respect of assessments to be issued in subsequent years	4,990	138	9,485	14,295	1,118,078	1,146,986
Collections of original assessments issued in 2002-03	5,260	1,023	19,304	55,881	1,225,094	1,306,562

Contents | Schedules | Schedule 1 | Schedule 2 | Schedule 3 | Schedule 4 | Schedule 5 | Schedule 6 | Schedule 7 | Schedule 8 | Schedule 9 | Schedule 10 | Schedule 11 | Schedule 12 | Schedule 13 | Schedule 14 | Schedule 15 | Schedule 16 | Schedule 17|

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