Yearly Archives: 2011

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 […]

6th of December 2011 could see Final LVCR Announcement as Jersey Minister Accepts Concept of Level Playing Field

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.

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 […]

Channel Island VAT Loophole To Close Within a Year

According to an article in the Daily Telegraph the EU has told the UK that the Channel Islands VAT Loophole is an abuse of EU law and that the UK is within its legal rights to act and abolish the “abusive and restrictive” trade specifically emanating from The Channel Islands.  It predicts action by the end of […]

Channel Island’s VAT Dodgers in Denial whilst UK and EU Prepare Measures to end LVCR Trade.

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 […]

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