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Jersey Summary of 2024 Budget Tax Measures

10 May 2024

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Approved Changes

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Jersey

The Jersey government has published a 2024 budget tax summary covering the main tax changes approved as part of Finance (2024 Budget) (Jersey) Law 202- in December 2023. Personal income tax amendments Increases in personal income tax thresholds, allowances, and relief: Standard exemption threshold - JEP 20,000 (up from JEP 18,550) Married exemption threshold - JEP 32,050 (up from JEP 29,750) Second earner's allowance - JEP 7,950 (up from JEP 7,350) Child allowance - JEP 3,700 (up from JEP 3,450) Additional child allowance - JEP 5,550 (up from JEP 5,150) Childcare relief - JEP 7,600 (up from JEP 7,050) Higher...