Category: VAT
Guernsey Retailers Threaten Legal Challenge to UK’s ‘Discriminatory’ Removal of LVCR
| November 10, 2011 | Posted by RAVAS under VAT |
A group of retailers headed by a Health supplement mail order company is threatening to take the UK Government to Judicial review over the removal of LVCR from the Channel Islands. It is not understood exactly what the challenge would be but since the UK not only has the option to allow or disallow LVCR but also […]
Channel Island VAT Loophole Finally Closes
| November 9, 2011 | Posted by RAVAS under VAT |
RAVAS, welcomes the Coalition Government’s action to remove the European import relief that underpins the VAT avoidance arrangement known as ‘The VAT Loophole’. The Channel Islands mail order industry has been enjoying an unfair advantage for many years, an advantage reliant upon the avoidance of VAT that has been facilitated by the exploitation of an […]
6th of December 2011 could see Final LVCR Announcement as Jersey Minister Accepts Concept of Level Playing Field
| October 12, 2011 | Posted by RAVAS under VAT |
Jersey Treasury Minister Phillip Ozouf has commented on the impending further changes to LVCR which are expected to be announced in George Osborne’s pre budget statement on the 6th of December 2011. Stating to the BBC politics show that the Island needs to “ be building businesses which benefit Jersey but are also not harmful to the […]
Major LVCR Retailers Sell Up as UK Government Prepares to Deal Final Blow to LVCR Abuse.
| October 4, 2011 | Posted by RAVAS under VAT |
A recent article in the Mail On Sunday confirmed that the drop in LVCR to £15 is far from the final measures that the UK Government intends to introduce to combat the abuse of LVCR. The sudden sale of Play.com for a relatively small amount of money, the sale of moonpig.com the failure of thehut.com to float […]
LVCR drops to £15 but there are more changes to come….
Today LVCR dropped to £15 from £18 from all non-EU destinations into the UK. However this measure is not the end of the story, as some commentators have suggested. Firstly anyone in offshore mail order will know that whilst a drop to £15 is an inconvenience it still allows most products to enter the UK VAT free […]