Guernsey Income Tax and Social Security Measures for 2024

The Guernsey government has published GSCCA Circular 23 of 28 November 2023, which outlines income tax and social security measures for 2024. The measures include:

• A reduction in the threshold, at which tax allowances and withdrawable deductions will be withdrawn, to GBP 80,000 with effect from 1 January 2024;
• An increase in the personal and other supplementary tax allowances in line with inflation;
• An increase in the Alderney tax cap to GBP 65,000, the tax cap on qualifying income to GBP 1…