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Budget statement 2011
Budget – Consumer Prices Index
The June 2010 Budget announced that the default indexation for direct taxes, including income tax and NICs, will be the (lower) Consumer Prices Index (CPI) instead of the Retail Prices Index (RPI) from April 2012. However, to ensure employers and older people do not lose out, the Government has confirmed that there will be some [...]
Jersey – Budget Statement 2011 tax proposals
The following increases in the income tax exemption limits are proposed for 2011, reflecting the 1.1% increase in average earnings during 2010. The historically generous tax thresholds in Jersey mean that many Islanders still pay less tax than in most neighbouring territories. The income tax payable by a married couple in 2010 with a joint [...]
