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Treasury Minister says VAT survey works are progressing well

Mon, 22 Jul 2013

Work is underway to determine how much the Island will receive in future VAT revenue from the UK.

The Treasury is half way through a data collection exercise which is looking at household income and expenditure. 

Later this month it will start a similar process for the company sector – asking businesses to provide a breakdown of their figures relating to revenue and costs. 

Minister Eddie Teare told us why the work is so important: 

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• Treasury Minister Eddie Teare