Guernsey Publishes Annual Budget for 2024

The Guernsey government has published the Annual Budget for 2024, which will be debated by the States of Deliberation in November 2023. A summary of the budget income measures includes the following:

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The following measures and initiatives are included in this Budget:

Income

• An increase of £875 in the Personal Income Tax Allowance to £13,900
• A real-terms increase to the Income Tax Caps for non-Guernsey sourced income from £150,000 to £160,000 and worldwide sourced income from £300,00…