March 20, 2012

End of cheap CDs and goods VAT loophole will harm Channel Islands, says … – This is Money

End of cheap CDs and goods VAT loophole will harm Channel Islands, says … – This is Money


This is Money
End of cheap CDs and goods VAT loophole will harm Channel Islands, says
This is Money
It currently allows firms based in Jersey or Guernsey to avoid paying VAT on items worth less than £18, enabling them to undercut High Street prices by 20 per cent. The main beneficiaries are internet firms based in the Channel Islands that send their

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