According to the proposals from consultants Crown Agents, made public last week, only businesses with a threshold turnover of £300,000 or above will be required to register for GST.
The president of the Jersey Hospitality Association, Robert Weston, said that whereas the bigger firms will be paying GST – and charging customers an additional 2% to 2.
% on the bill – smaller businesses would not be affected.
‘That could cause some pricing difference because the larger business will probably have to charge more in order to be on a level playing field,’ he said.
‘Of course they may decide to keep prices down, but the problem in the tourism industry is that inflation has eroded our profit margins dreadfully and that is why so many have left the industry.
