GST received by industry sector (FOI)GST received by industry sector (FOI)
Produced by the Freedom of Information officeAuthored by States of Jersey and published on
10 June 2016.Request
For each year since GST has been introduced, please list the GST received by the Treasury (in pounds sterling) from the following sectors:
- finance
- law
- retail
- tourism and Hospitality
- construction
- IT
- motor trade
- charities and non-profit organisations
Response
Entities registered under the Goods and Services Tax (Jersey) Law 2007 are allocated a business sector, in accordance with the UK Standard Industrial Classification of Economic Activities 2007 (SIC 2007). This is determined by the States of Jersey Taxes Office based upon the information provided by the entity.
The figures provided have been extracted from primary SIC 2007 codes relating to the business sectors requested. They do not include values for businesses where there is a mix of liabilities or the nature of the business does not sit wholly within the primary sector code.
For retail, we have provided figures relevant to shop-based sales where the customer base is predominately individual consumers. This does not include wholesale activities. The International Services Entity (ISE) figure is included.
Charities and non-profit organisations do not make payments to the States of Jersey Treasury. Those which are exempt from income tax under Article 115 of the Income Tax (Jersey) Law 1961 are entitled to refunds in respect of the Goods and Services Tax (GST) they have paid to suppliers. The figures shown are the amounts refunded.
The figures do not include the GST paid to the States of Jersey Treasury, via Customs and Immigration, for imported goods.
| GST revenue by sector (£) |
| | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Finance | 184,855 | 307,819 | 287,733 | 291,708 | 178,888 | 329,210 | 269,708 | 207,628 |
| ISEs | 5,894,600 | 5,869,100 | 5,638,600 | 8,890,700 | 9,253,700 | 9,365,100 | 9,172,800 | 9,075,300 |
| Law | 578,132 | 858,639 | 626,875 | 1,016,291 | 1,088,442 | 839,472 | 1,227,426 | 1,137,937 |
| Retail | 7,726,065 | 13,169,37 | 13,611,357 | 18,545,736 | 23,166,361 | 23,094,328 | 24,385,208 | 25,445,911 |
| Tourism and hospitality | 983,911 | 3,576,762 | 3,462,707 | 4,087,704 | 5,343,542 | 5,394,313 | 5,606,624 | 6,081,037 |
| Construction | 1,785,285 | 3,509,210 | 2,917,318 | 5,214,439 | 4,882,571 | 5,704,340 | 5,979,715 | 6,154,126 |
| IT | 298,027 | 403,063 | 447,698 | 613,632 | 716,910 | 608,606 | 747,126 | 789,229 |
| Motor trade | 1,476,977 | 2,326,501 | 2,452,157 | 3,089,569 | 3,791,566 | 3,850,888 | 4,156,305 | 4,721,952 |
| Charities and non-profit organisations | -150,686 | -429,531 | -426,963 | -792,961 | -1,032,305 | -1,202,784 | -1,218,180 | -966,635 |
Notes
1. GST was introduced with effect from 6 May 2008 at a rate of 3 per cent. The rate increased to 5 per cent with effect from 1 June 2011.
2. International Services Entity (ISE) fees were introduced on 6 May 2008 and differ depending on the licence held with the Jersey Financial Services Commission. The specific fees below were subject to increases. All other ISE fees have remained unchanged since their introduction:
Other/Vehicle Fee:
2008 to 2010: £100
2011 onwards: £200
Licensed Bank Fee:
2008 to 2011: £30,000
2012 onwards: £50,000
ISE status is an alternative to registration for GST for businesses which primarily serve non-residents, reducing the administrative and compliance burden which GST would place upon them. It was primarily created for and is mainly utilised by the financial services industry.
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