TaxPersonal TaxGuernsey increases income tax allowance

Guernsey increases income tax allowance

Duties on property, fuel, tobacco and accohol rise under 2012 Budget proposals

GUERNSEY has increased income tax allowances but also raised taxes on property, petrol, alcohol and tobacco for the third year in a row.

The rises came into effect at midnight, but will be debated at the December meeting of the states of Guernsey, the BBC reports.

The states have also agreed to increase income tax allowances by £150 per person – an increase of 1.7%.

There will be a 20% rise on domestic property tax, estimated at £20-£25 for the average household, and 3% on commercial property.

Petrol duties will increase by 9.8% while an average pack on cigarettes will be 21p more expensive after a 6.5% increase in tobacco duty.

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