Finance
(Budget – Cost of Living) (Jersey) Law 2022
Adopted
by the States 21st September 2022
Sanctioned
by Order of His Majesty in Council 9th November 2022
Registered by the Royal Court 18th November 2022
Coming into force 1st January 2023
THE STATES, subject to the sanction of His Most
Excellent Majesty in Council, have adopted the following Law –
1 Income Tax (Jersey) Law
1961 amended
Articles 2 to 5 amend the
Income Tax
(Jersey) Law 1961.
2 Article 92A (threshold for exemption
from income tax) amended
In Article 92A –
(a) in the following
provisions for “£26,550” there is substituted “£29,750” –
(i) paragraph (2),
(ii) paragraph (2A);
(b) in the following
provisions for “£6,550” there is substituted “£7,350” –
(i) paragraph (4)(i),
(ii) paragraph (4A)(i);
(c) in paragraph (6) for
“£16,550” there is substituted “£18,550”.
3 Article 92B (increase in exemption
threshold for child day care) amended
In Article 92B –
(a) in paragraph (1) –
(i) in sub-paragraphs (c)
and (d) for “£16,320” there is substituted “£18,300”,
(ii) in sub-paragraph (e)
for “£6,273” there is substituted “£7,050”;
(b) in paragraph (5) in
the definition “qualifying income” –
(i) in sub-paragraph (a)
for “£6,550” there is substituted “£7,350”,
(ii) in sub-paragraph (b)
for “£4,590” there is substituted “£5,150”.
4 Article 95 (children) amended
In Article 95 in the
following provisions for “£3,060” there is substituted “£3,450” –
(a) paragraph (1);
(b) paragraph (4).
5 Article 98A (additional allowance in
respect of children)
In Article 98A(1A) for “£4,590” there is
substituted “£5,150”.
6 Article 46 (citation and commencement)
of the Finance (2022 Budget) (Jersey) Law 2022 amended
In Article 46(2)(b)
for “1st January 2023” there is substituted “1st July 2023”.
7 Citation and commencement
This Law may be cited as
the Finance (Budget – Cost of Living) (Jersey) Law 2022 and comes into force on
1st January 2023.