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Guernsey Publishes Annual Budget for 2023

13 October 2022

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Proposed Changes

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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: --- 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 domestic TRP tariffs for properties with a TRP rating under 200 These measures will be paid for through: Lowering the...