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Corporate Services Scrutiny Panel Review of Draft Goods and Services Tax Law
PUBLIC SESSION Record of Meeting
Date: 30th November 2007 Meeting Number: 19
Present | Deputy P J D Ryan, Chairman Connétable D Murphy Connétable J L S Gallichan |
Apologies | Connétable M. Jackson |
In attendance | Mr M Haden, Scrutiny Officer |
Ref Back | Agenda matter | Action |
1. | Record of Meeting Approved the record of the meeting held on 4th October 2007. |
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2. | Review of draft GST Regulations (S.R.19/2007) Noted the response of Treasury and Resources Minister |
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3 | Financial Services Industry Regulations - Received an update from the adviser on his meeting with Jersey Finance on 21st November. Noted concerns raised by industry representatives on the complexity of the principal legislation and the impact on clients Noted apparent delay in preparation of draft Regulations Agreed to seek an urgent meeting with Jersey Finance and the Treasury and Resources Minister to consider the position | MH |
4. | De Minimis waiver Noted P.171/2007 on the De Minimis waiver Considered draft report (version 3) and agreed comments and recommendations. Considered the issue of the high collection costs for a low de minimis waiver - a potential solution to this problem could be to outsource the collection of the tax to the carriers, ie Jersey Post and the couriers, who would be permitted to charge a processing administration fee per item. This would amount in effect to a user pays charge. The Sub Panel believes that the private sector would be able to develop efficient processes for handling and assessing incoming parcel traffic. The role of the Customs Department could be limited to a risk based audit check. Agreed that this solution was worth further investigation and accordingly |
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| agreed to seek the views of the Customs Department, GST Director, Jersey Post, the Chamber of Commerce and the Air Express Operators Group. Requested the Scrutiny officer (a) to arrange a public hearing to discuss the suggestion with the Minister (b) to request an analysis of the implications in writing in advance of that discussion. | MH MH |
Initialled. Date..