OrbitaxJersey Approves Budget Measures for 2016 including New Individual Income Tax Thresholds, Dividend Tax Credit Restrictions and a New Tax Return Deadline
|Approved Changes|Jersey
On 15 December 2015, Jersey's States Assembly approved the Finance (2016 Budget) (Jersey) Law 201.The main measures include:
- The individual income tax thresholds for 2016 are as follows:
- Single person - GBP 14,350
- Single person (Aged 65+) - GBP 15,900 (unchanged)
- Married Couple/Civil Partnership - GBP 23,000
- Married Couple/Civil Partnership (Aged 65+) - GBP 26,100 (unchanged)
- The tax credit …
