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Small companies exempt from GST | | Businesses in Jersey which make less than �300,000 a year will not have to register for goods and services tax, according to a States minister. Companies earning less than the threshold will not have to add GST onto their products or services. The 3% GST could be introduced in 2008 under a new tax system, which is predicted to leave a �100m hole in the government's finances. Terry Le Sueur said exempt companies would still have to pay some tax.
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