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Guernsey Publishes Annual Budget for 2023

|Proposed Changes|Guernsey
Guernsey

The Guernsey government has published the Annual Budget for 2023, which will be debated by the States of Deliberation on 1 November 2022. A summary of the budget measures includes the following:

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The Committee is proposing

Support with rising costs:

  • A 7% increase in Personal Income Tax Allowances, increasing an individual's allowance by £850 to £13,025
  • A one year pause in the planned phased withdrawal of mortgage interest relief which would benefit a couple by up to £600
  • Freezing dom…

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