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Jersey to increase GST 3% to 5% in 2011


Jersey to increase GST 3% to 5% in 2011

Jersey, a protectorate of the UK, has announced plans to raise its Goods and Services Tax (GST) from 2% to 5% from 1 June 2011.

GST, which is similar to Value Added Tax, was first introduced toJerseyin 2008.  It is seen as a new revenue source to help balance to government’s reliance away from business taxes related to financial services.  The introduction of GST led to an immediate 6% increase in inflation.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.