Monthly Archives: December 2010
UK Government Plays Dumb Over VAT Increase and its Effect on LVCR Exploitation
| December 14, 2010 | Posted by lvcradmin under VAT |
With VAT due to go to 20% in a few weeks time and offshore retail about to benefit at further expense to UK mainland retail, Adrian Sanders the Liberal Democrat MP for Torbay asked David Gauke the Exchequer Secretary the obvious question on the 13th of December Mr Sanders: (1) what estimate he has made…
Pro Channel Islands LVCR Abuse Website Agrees with RAVAS. Circular Shipping is an Abuse.
| December 13, 2010 | Posted by lvcradmin under VAT |
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A pro-Channel Islands LVCR website with the backing of four QCs (apparently) has stated that ‘HMRC are considering whether traders in the UK who ship goods from the UK to the Channel Islands (or other offshore centres) and then back to the UK should be treated as an artificial abusive arrangement’ If indeed that is true then…
Forum of Private Business Supports RAVAS Efforts to End Exploitation of LVCR
| December 10, 2010 | Posted by lvcradmin under VAT |
RAVAS has received a letter of support from Phil McCabe of The Forum of Private Business, an organisation who represent many small to medium sized businesses in the UK. In 2005 the Forum of Private Business gave evidence on LVCR to the All-Party Parliamentary Small Shops Group, which subsequently warned that, based on the then…
Government Plans to Address Tax Avoidance Ignore LVCR Exploitation.
| December 10, 2010 | Posted by lvcradmin under VAT |
Government tax avoidance plans appear to have missed a Channel Islands VAT loophole which costs the treasury hundreds of millions of pounds per year at least and is devastating the UK’s Independent traders, the Forum of Private Business is warning. Many large retailers have set up shop in Guernsey and Jersey and benefit from Low…
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