Corporate Services - GST Review - Approved Sub-Panel Minutes - 31 October 2006

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Agenda matter

Action

1

Future  work The  Sub  Panel  considered  a  discussion  paper prepared by the Scrutiny Officer and agreed that the following issues should be addressed in the next stage of the review:

1. Treatment of financial services industry -
2. The impact of the draft law on the business community: including  the  de  minimis  level  for  imports;  dealing  with imported  goods  at  the  harbour;  inclusive  or  end  of  sale pricing; registration threshold; accounting for the tax at point of sale or point of payment. The Sub Panel agreed to seek the views of local accountants on these issues.

3. Vehicle sales
4. Treatment of States and parishes

The Sub Panel noted the following issues arising from the Interim report which required further information from the Minister: the treatment  of  residential  homes,  the  exemption  for  medical services,  the  grant  to  private  schools,  domestic  housing maintenance and repair, the treatment of fees or grants paid to charitable care organisations

It was agreed that the resources implications for Income Tax and Customs Department should be dealt with in next year's work programme once the draft law had been debated.

The Sub Panel agreed to request a meeting with the GST Director in advance of further hearings with the Minister.

2.

Date of next meeting 14th November 2006