The first income tax in Jersey was introduced in 1928. Income tax has been levied at a flat rate of 20% set by the occupying Germans during the Second World War. Jersey's tax is not entirely regressive, however. Exemption thresholds apply to those on lower incomes and tax reliefs exist for married couples, single parents, child day care and children. Residents living in Jersey under the high value residency scheme are charged 20% on the first £725,000 and 1% on anything over that amount.