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Friday, 29 June 2007, 09:10 GMT 10:10 UK

GST to go-ahead despite surplus

The Goods and Services Tax will go ahead in Jersey despite an extra surplus of £14m this year.

The Treasury and Resources Minister says the rise was down to unexpected dividends from Jersey Telecom and the Jersey Electricity Company.

But Senator Terry Le Sueur said despite the extra money, the new Tax was still needed.

The 3% tax, which is to come into effect next year, will include nearly everything sold in Jersey.




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Related to this story:
GST tax opposed by consumer group (18 Jun 07 |  Jersey )
States accepts new sales tax law (17 Apr 07 |  Jersey )
Prices 'should not include tax' (16 Mar 07 |  Jersey )
Charities welcome tax exemption (06 Mar 07 |  Jersey )
Small companies exempt from GST (03 Dec 06 |  Jersey )
£1m cost of implementing new tax (10 Feb 05 |  Jersey )

RELATED INTERNET LINKS
States of Jersey
BBC Jersey: GST feature
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