Guernsey will introduce a 5% GST in 2027 to address a budget shortfall, rejecting an income tax hike.

The States of Guernsey will implement a 5% Goods and Services Tax (GST) starting in 2027, after rejecting a proposed 2% income tax increase. The decision, influenced by a £100 million budget shortfall, aims to enhance social security for lower-income households. The GST has faced prior opposition, and further consultations will assess its impact on food taxation and overall spending. The upcoming general election may serve as a referendum on the GST.

November 08, 2024
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