How much revenue is raised annually from the G.S.T. (Goods and Services Tax) on domestic fuel
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4.2 Deputy D.J. De Sousa of St. Helier of the Minister for Treasury and Resources regarding the revenue raised annually from G.S.T. on domestic fuel:
Would the Minister for Treasury and Resources please inform the Assembly how much revenue is raised annually from the G.S.T. (Goods and Services Tax) on domestic fuel?
Senator P.F.C. Ozouf (The Minister for Treasury and Resources):
The total potential yield for G.S.T. on domestic fuel for this year is likely to be in the region of £1.5 million. This figure is derived from the total household expenditure on all forms of domestic energy. I estimate that approximately £1 million from electricity, £200,000 from gas, £300,000 for oil and the rest on solid fuels.
Deputy D.J. De Sousa:
I wonder if the Minister could inform the House, in the light of the previous proposition that came to the House on G.S.T. on sorry, it is all right.