Response to the Medium Term Financial Plan Additions June 2016

Thursday 30 June 14:11

There is no doubt the Medium Term Financial Plan Additions (MTFP) released today will adversely affect the cost of doing business in Jersey. The introduction of a sewage waste charge and proposed review of commercial rates in 2018 will inevitably mean greater infrastructure expenditure costs, which all companies in Jersey will have to absorb.

The proposed link to waste charges, solids by weight and liquid by water usage, would appear to be a straightforward method of assigning tariffs. However, at a time when the island’s government and Visit Jersey are doing all they can to support the tourism industry, businesses in this sector, such as hotels, restaurants and visitor attractions are likely to be some of the most affected by the tax.

The proposed addition of a ‘user-pay’ charge for health services, of up to 1% of income, is another tax islanders and businesses will also have to absorb, which in addition to the sewage waste charge further undermines Jersey’s 20 means 20 tax promise.

There are some positives aspects of the MTFP for the business community. Confirmation that the island’s GST rate of 5% is to remain static will be widely acknowledged as a positive move by the government. Especially by those in the retail sector, who continue to compete with online shopping in what is widely regarded by those in the sector, as an uneven playing field, while a GST de minimis threshold on imports exists.

Kristina Le Feuvre, President of the Chamber of Commerce said: “A streamlined and more efficient government and civil service is something the business community in Jersey has long called for. The States efficiency and savings target of £73 million by 2019 are bold, but these cutbacks, along with the introduction of new business charges, must not be to the detriment of commerce across the island.

Efficiencies must be targeted. The recent cutbacks to the States Statistic Unit and a reduction in their reporting capabilities is a setback, as businesses rely on their output as key performance indicators. 

While Jersey’s business community remains financially committed to paying its way, charges must be fair and at a level that does not stifle investment, which is key to the island's future economic stability and growth.”

Events

  • AJA CPD - IN THE FRAME: PAD STUDIO

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  • Master’s Open Evening at JIBS University Centre Financial services professionals are invited to attend a Master’s Open Evening at Jersey International Business School on 28 February to find out more about the MSc International Financial Services programme.

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  • Digital Hub - Setting Up A Business – The Legal Obstacles Advocate Andrew Pinel will be coming to speak to Hub Members about the legal obstacles that are often encountered when setting up a business in Jersey. March 22 @ 12:45 pm - 1:40 pm

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  • Digital Hub - How to get online payments for your digital business Setting up an online business and need a payment provider? Nowadays it’s essential for any business online looking to sell products and services. But, have you thought about what you need to do to secure one?

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  • Digital Hub - Data Protection and the GDPR Essentials for technology businesses Feb 28th 8am to 9am

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  • Coppolo and Coyde - Scaffold Inspection (Basic) Dates: Monday 26th September 2017 Fee: £165.00+ GST per delegate Venue: Ommaroo Hotel, Havre des Pas, Jersey

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  • Coppolo & Coyde - Scaffold Inspection (Basic) Dates: Monday 25th September 2017 Fee: £165.00+ GST per delegate Venue: Ommaroo Hotel, Havre des Pas, Jersey

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  • Coppolo and Coyde - Scaffold Inspection (Basic) Dates: Monday 25th April 2017 Fee: £165.00+ GST per delegate Venue: Ommaroo Hotel, Havre des Pas, Jersey

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  • Coppolo & Coyde - Scaffold Inspection (Basic) Dates: Monday 24th April 2017 Fee: £165.00+ GST per delegate Venue: Ommaroo Hotel, Havre des Pas, Jersey

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  • Coppolo & Coyde - CITB Site Supervisors Safety Training Scheme (SSSTS) Dates: 16th & 17th October 2017 (2 Days) Fee: £365.00+GST per delegate(which includes all CITB workbook and registration fees). Venue: Ommaroo Hotel, Havre des Pas, Jersey

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