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Guernsey Publishes Annual Budget for 2021

|Proposed Changes|Guernsey
Guernsey

Guernsey has published the Annual Budget for 2021. Tax measures of the budget include the following:

  • A 2.6% increase in Personal Income Tax Allowances, increasing an individual's allowance by GBP 300 to GBP 11,875;
  • An increase of GBP 10,000 (to GBP 40,000) in the Income Tax Standard Charge, which is the optional charge for persons treated as resident, but not solely or principally resident, …

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