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Removing GST from food in Jersey would cost £14m per year and benefit richest, minister says
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Removing GST from food in Jersey would cost £14m per year and benefit richest, minister says
Removing the goods and services tax from food in Jersey would cost the states £14.4m annually and primarily benefit the highest earners, the treasury minister has stated.
- Treasury Minister Alan McLean said removing GST from food would cost £14.4m a year and mostly benefit the richest islanders because they spend more.
- An assessment found households with the lowest income would save 12% per year, while the highest-income households would save 28%.
- McLean stated that when GST was introduced, the states agreed to compensate islanders through improved tax allowances and income support, and ministers maintain a broad-based GST with support is the most effective approach.
- On Monday, people in Guernsey protested a proposed 3% GST, which is due to be debated this week and, if approved, introduced from 2028.
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