JERSEY could lose £6 million in tax revenue if the States decide to take GST off food and household energy next week, States Members were told on Tuesday.
Assistant Treasury Minister Eddie Noel (pictured) was responding to a question about the cost of implementing the tax on goods and services.
Deputy Noel informed Members that GST had cost the Island £2.5 million since the States approved the introduction of the tax in 2005. And he said that GST is expected to cost £1 million a year to administer in order to raise £50 million in tax.
Deputy Carolyn Labey has lodged a proposition for the second time to exempt all foods that are exempt from VAT in the UK, as well as household electricity, oil and gas. It will be debated by the States next week.
