12 March 2008
The Minister for Treasury and Resources, Senator Terry Le Sueur has today lodged a proposition asking the States to agree to delay the implementation of the Goods and Services Tax (GST) until 6 May 2008 . For the majority of retailers this will be the start of their working week (Monday 5th being a Bank Holiday) and will allow them time over the previous weekend to ensure that all goods display a GST inclusive price. Where exceptions exist, such as pre-priced newspapers and magazines, retailers must display clear signage indicating how the selling price is different to the pre-price, for example with an amount, percentage or new selling price.
This proposition follows feedback from retailers who expressed concern that the implementation day of 1 May 2008 fell on the Thursday prior to the May Bank Holiday and this would in many cases allow insufficient time to make the necessary changes to price tickets and signage.
Treasury and Resources Minister, Senator Terry Le Sueur commented: "I have taken on board the retail industry's concern, and agree that it is in the consumer’s interest that we allow sufficient time to ensure that the public get clear and concise information at the point of sale. I shall be asking the States to discuss this proposal on 1st April. Providing the States agree, allowing these extra few days should ensure that we minimise disruption and ensure a smooth transition to GST at the beginning of May"
If approved, Vehicle Emissions Duty, which replaces Vehicle Registration Duty, will similarly be delayed until 6 May 2008.
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Notes to Editors:
1. For further information please contact Senator Le Sueur on 07797 718798
NB Senator Le Sueur is in the States today and his availability will therefore be limited.
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