Global Vision, Local Wisdom

Withdrawal of Guernsey’s Personal Allowances

Debra Smith

The Quarter 4 - 2018 edition of Bandwagon provided a high level overview of the 2019 budget changes and illustrated the impact, for different levels of taxable income, of the changes in the phasing out of personal allowances between 2018 and 2019. These changes come into effect from the 2019 tax year and anyone with taxable income of £100,000 pa or more will be affected, to some extent, by the tapering of the tax relief.

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