| Committee/Panel: Corporate Services Panel | |
| Launch Date: 8 May 2006 | Close Date: To be advised |
| Submissions Deadline: To be advised | Ministerial Response Date: To be advised |
| Review Status: Report published | |
About
To review the draft law to implement a Goods and Services Tax in Jersey
Terms of reference
To review the draft law to implement a Goods and Services Tax in Jersey (R.28/2006), together with the draft Regulations, particularly in respect of:
i. The anticipated yield from a broad based tax set at 3%
ii. The proposed ‘zero ratings’ and ‘exemptions’
iii. The impact of potential additional exclusions (such as basic foodstuffs and children’s clothes) on the anticipated yield
iv. The statutory provision for relief for certain specific groups of consumers (such as charities)
v. The treatment of the financial services industry
vi. The resource implications for the Income Tax and Customs department
To review the impact of the draft Goods and Services (Jersey) Law 200- and the forthcoming Regulations on consumers and the business community.
To review the responses received by the Treasury and Resources Minister in respect of the public consultation both on the primary law and the regulations.
To report to the States one month before the States debate on the draft legislation