Change on the way for Itis

Change on the way for Itis

The change, which could be in place by the end of this year, would mean fewer overpayments of tax bills, and less work for the Income Tax department in repaying Islanders. Under the Itis system, workers pay off their tax bills in monthly instalments under a fixed percentage. But pay rises and bonuses can mean that some workers have paid their entire liability by October or November. Under the proposed changes to the system they would not have to pay any more tax after that point.

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