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Corporate Services Scrutiny Panel Review of Draft Goods and Services Tax Law
PUBLIC SESSION Record of Meeting
Date: 1st August 2007
Meeting Number: 17
Present Connétable D Murphy
Connétable J L S Gallichan
Connétable M. Jackson Apologies Deputy P J D Ryan, Chairman
In attendance Mr M Haden, Scrutiny Officer
Ref Back | Agenda matter | Action |
1. | Draft GST Regulations The Panel noted the timetable for the Regulations and the following policy changes proposed by the Minister:
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2. | Correspondence The Sub Panel noted correspondence relating to the GST treatment of the Financial Services Industry the Customs Directive No 3 on the Customs clearance of goods imported as freight the de minimis level for imports together with reports from Crown Agents and the States Economic Adviser |
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3 | De Minimis level The Sub Panel considered a briefing note prepared by the adviser. It was agreed that a shopping survey should be carried out among local retailers comparing local prices with on-line competition in order to gauge the impact GST would have on the differential. The Sub Panel also enquired whether the Economic Development Department had a view on the de minimis level. | MH MH |
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4. Hearings
The Sub Panel noted that the Treasury and Resources Minister would be attending a hearing on 7th August and that the Vice President of the Chamber of Commerce had also been invited to a hearing on the same date.
The Sub Panel agreed to defer the hearing scheduled for 16th August in view of the anticipated delay in the consultation process for the draft Regulations.
Initialled. Date..