Channel Island’s VAT Dodgers in Denial whilst UK and EU Prepare Measures to end LVCR Trade.
|May 13, 2011||Posted by RAVAS under VAT|
Despite George Osborne’s budget announcement that using LVCR to gain a VAT advantage in the UK is an abuse of European Tax legislation many Channel Island based LVCR abusing retailers and the infrastructure that supports them appear to be carrying on as if nothing has happened, apparantly assuming that the reduction in LVCR to £15 is the only measure that will be introduced by the UK Government. According to The Guardian online retailer and fulfilment company The Hut are even considering floating on the stock exchange.
All we can say at RAVAS to those currently enjoying the benefits of VAT free mail order is that we have been informed by both the European Commission and the UK Government that changes will definitely be introduced to prevent this practice completely. You have been warned.