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- Indexed articles, last 90 days
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- Oct 1, 2026
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Amendment could put GST on the path to 5% (opens the original)
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Policy & Resources is now pencilling in 2029 as the start date of GST at 3%, if deputies vote for its wide-ranging reform package at the end of their landmark tax and spending debate. And an amendment to the senior committee’s package was approved on Thursday which anticipated raising the rate to 4% two years later and 5% two years after that, if the next Assembly’s independent Fiscal Policy Panel backs such changes. The amendment, proposed by Gavin St Pier on behalf of his party, Forward Guerns
Parkinson is vindicated by revised Pillar Two estimates (opens the original)
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He had been virtually a lone voice arguing for years that treasury officials and industry figures had significantly understated how much additional revenue the States would receive from the new international company tax regime. He told the Assembly that the revised baseline estimate of £93m. a year – or £251m. over three years, once some business relocation has been taken into account – was the treasury’s first Pillar Two figure in which he had a reasonably high level of confidence. Previous off
P&R ‘failed to listen carefully to the public’ - Vermeulen (opens the original)
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Simon Vermeulen accused P&R of failing to listen carefully enough to members of the public who had spoken at public meetings against a proposed goods and services tax. He claimed to have come away from three or four such meetings with that impression. ‘Anybody who was challenging their findings, it came out that they were being spoken down to, which was a bit shameful really. ‘There were some very intelligent people there and it was worth hearing their point of view. That’s what we are – people’
Company tax receipts expected to far exceed early estimates (opens the original)
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The States now expects to receive additional revenue of about £250m. – rather than £120m. as previously estimated – from the first three years of international company tax changes known as Pillar Two. The new revenue stream may decline in the future, as some companies relocate away from the island, but the Policy & Resources Committee said it provided ‘breathing space’, allowing its proposed tax package, including GST, to be introduced a year later than intended, in 2029. ‘The committee’s assess
Deputy Sloan accuses IoD of ‘grandstanding’ (opens the original)
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In a letter to deputies sent yesterday, on the eve of the States debate resuming, the Institute of Directors claimed that pushing the final vote into a later States meeting would be ‘directly contrary to the objectives of fiscal stability, economic growth and responsible governance’. Deputy Andy Sloan told the IoD that its call had ‘crossed the line’ between reasonable lobbying on behalf of its members and making voting demands on politicians dealing with complex and far-reaching issues. ‘The Io
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