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.”


  • JeCC - External Render / EWI / Architectural Profiles Building Trust Into your External Facade by Pentagon Builders Merchants

    › read more
  • JeCC - BS7533 Compliant Hard Landscaping Paving the way to Success with Parex HardLandscaping by Pentagon Builders Merchants

    › read more
  • Jersey Electricity - Everything you wanted to know about heat pumps but were afraid to ask Want to know more about Heat Pumps, their application, how they fit with the new Building Bye Laws, what tariff is best?

    › read more
  • Market Fountain Unveiling Following a period of refurbishment, the market fountain which has been restored to its former glory will be unveiled by the Connétable of St Helier accompanied by the Minister for Infrastructure.

    › read more
  • WDF - Women as Team Players - sponsored by Santander Women as Team Players with Jennifer Moore – Yoga & Ironman Triathlon Sam Horsfall – Triathlon Coach and parkrun Jemima Leach and Helene Mon Petit – Island Games MBT Cycling Team

    › read more
  • Public Meeting: CIFO 2016 Annual Report The independent Channel Islands Financial Ombudsman (CIFO) is holding a public event to mark the publication of its 2016 annual report and accounts.

    › read more
  • Eco Active Business and BIFM sustainability event Have you booked your place at next week’s sustainability event?

    › read more
  • Is Your Business Autism-Friendly? Did you know more than one in 100 of your customers are autistic? Would you like to find out how you can make their experiences better?

    › read more
  • Benest Corbett Renouf Joins Forces With Farrer & Co to Reinforce Need for Safeguarding Children LAW firm Benest Corbett Renouf has teamed up with the market-leading London firm Farrer & Co to present a safeguarding conference. The event, “Creating Safer Organisations”, will take place on Thursday, 15th June in Jersey.

    › read more
  • Ibex Education - Excel 1 to 1s Our expert UK trainer will work with you on particular issues

    › read more

Chamber Knowledgebase

Our frequently asked questions

Chamber News 

All the latest news from Chamber in one monthly PDF

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

The Jersey Chamber of Commerce - Annual Charity of Choice

the benefits of membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey

And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber

Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top