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 and the stalled sales of both Thompson and Morgan and Healthspan all appear to point towards something on the horizon that may have an effect on LVCR traders.
Since RAVAS successfully complained to the European Commission about the UK Governments failure to prevent the abuse of LVCR and the resultant tax avoidance, we are confident that ultimately action will be taken to close down this abuse completely.