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22% tax rate for income over £80k possible

22% tax rate for income over £80k possible

Tuesday 31 October 2023

22% tax rate for income over £80k possible

Tuesday 31 October 2023


Two deputies want to raise additional revenue by introducing a “temporary” 22% tax rate for income above £80,000.

Deputies John Gollop and Aidan Matthews have submitted an amendment to Policy and Resources' upcoming budget policy letter.

They want to insert the following propositions: 

Screenshot_2023-10-31_at_10.56.58.png

“This amendment seeks to raise additional revenues through the introduction of a temporary 22% higher rate of personal income tax, with analysis of the options in the future,” they said. 

Pictured top: (L-R) Deputies Gollop and Matthews. 

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