Sark Chief Pleas approves 15% tax increases

Sark Chief Pleas The Finance and Commerce Committee ruled out imposing a pay freeze for contractual reasons

Related Stories

Taxes in Sark are to rise by 15% "across the board", following a drop in the number of taxpayers.

At their Michaelmas meeting earlier, Chief Pleas approved the proposed increases by a large majority, via a show of hands.

The rise will put 4p on a pint of beer, 15p on a typical bottle of wine and 37p on a pack of 20 cigarettes.

Direct taxes, which in Sark are paid on property and "worldwide net assets", will also rise by 15%.

'Necessary evil'

For an island resident with assets of less than £53,333, this will mean paying £5.54 a week (up from £4.81).

Someone paying the maximum personal capital tax and owning a large property will pay £122.14 a week (up from £106.05).

Sandra Williams, the deputy chair of the Finance and Commerce Committee, said the increases were "a necessary evil to balance the books".

The committee's report estimated a drop in tax revenue of £54,680 in 2014 (without the increases), from £375,680 to £321,000.

Mrs Williams said this was largely due to a sharp drop in the number of temporary workers who would be staying on the island over the winter.

Meanwhile, the island's spending is expected to increase 1.36%, from £1.299m to £1.317m.

A pay freeze for government employees was not proposed by the committee, as RPI increases are written into some of their contracts.

Of the total increase in estimated spending (£17,754), £9,948 relates to wages.

The direct tax increases will come into effect on 1 December, while the import duty increases are effective from 1 January.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey


Guernsey Airport

13 °C 11 °C


  • chocolate cake and strawberriesTrick your tongue

    Would this dessert taste different on a black plate?

  • Duke and Duchess of Cambridge and Prince George leaving New Zealand'Great ambassadors'

    How New Zealand reacted to William, Kate - and George

  • Major Power Failure ident on BBC2Going live

    Why BBC Two's launch was not all right on the night

  • Front display of radio Strange echoes

    The mysterious 'numbers stations' left over from the Cold War era

  • A letter from a Somali refugee to a Syrian child'Be a star'

    Children's uplifting letters of hope to homeless Syrians

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.