Monthly Archives: March 2011

The Federation of Small Business Joins call to end LVCR VAT Avoidance Scheme

In a letter to the European Commission The Federation of Small Businesses has called upon EU officials to ensure that the UK Government brings to an end the abuse of Low Value Consignment Relief (LVCR). They join the Forum of Private Business (FPB), who has been campaigning on the issue since 2005.  LVCR stems from […]

Lord Lucas featured on BBC Channel Island News

On the 1st March Lord Lucas spoke to BBC Channel Islands News on the issue of LVCR. In the interview he stated ‘Though the relief was introduced with good intentions it has become used as a smuggling enterprise. It is something akin to baccy for the parson and brandy for the squire and we can’t […]

Guernsey Post Claims it is Saving The UK From Collecting VAT

An announcement from the Guernsey Post in the Guernsey Press claimed to reveal that the company is saving the UK from collecting VAT up to the tune of £5.6 million a year. This is VAT that has been collected under what is known as  the VAT Pre Paid Scheme where traders in the Channel Islands […]

Guernsey Politician Backs Calls to End Abuse of LVCR

A  prominent member of the Guernsey Parliament, Barry Brehaut, who is also the Chair of Guernsey’s scrutiny committee and a member of the Health and Social Services Department has come out against the abuse of LVCR in a recent communication with the Forum of  Private Business (FPB). “Guernsey has a reputation for being a well […]

Lord Lucas highlights LVCR issues in Lords Debate

Lord Lucas opened the Lords Debate On Tuesday 1st March by asking the government for an estimate of the current level of VAT lost through LVCR. Lord Sassoon, Commercial Secretary to the Treasury, replied by saying that the latest estimate was £130m for 2010, reduced from the previous estimate of £140m. Lucas said he found […]

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