The changes to descriptions and the order in which regulations are presented were described at a Corporate Services Scrutiny panel hearing on Friday.
The panel had called the hearing to question the new GST legislation in relation to the financial services industry.
They wanted to make sure that the draft regulations would meet the stated objectives – to bring in between £5m and ?10m a year in tax from finance firms and to collect it with minimal administration.
In particular, it was feared that the draft legislation was difficult for non-Island firms to understand and could discourage offshore business.
