Jersey Publishes Proposed Government Plan for 2020-23 Including 2020 Budget Measures

The Government of Jersey has published its Proposed Government Plan 2020-23, which includes budget proposals for 2020. Tax-related proposals include:

• An increase in the standard tax exemption threshold from JEP 15,400 to JEP 15,900 for single persons and from JEP 24,800 to JEP 25,550 for married couples / civil partnerships;
• A reduction in the de-minimis GST threshold on imported goods from JEP 240 to JEP 135;
• Increases in alcohol, tobacco, and road fuel duties;
• An increase in the long-term…