Tax revenue up in both Corporate and PAYE

2nd March 2025, 10:28 | Published by GBC News

 PAYE revenue is up despite a reduction in Personal taxation.

Over 220 million has been raised over the current financial year- up over 7 million from the year before.

Corporate Tax is also bringing in more money.

Trade and Industry Minister, Nigel Feetham attributes this to a number of factors and not to the increase in the corporate rate from 12.5 to 15 %.