VAT survey works progressing well

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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