VAT news tagged as "Loophole"

United Kingdom

UK to close e retailer Channel Island VAT loophole

March 8th, 2011

The Conservative Chancellor, George Osborne, is widely expected to close a long standing VAT loophole, which enables traders on the Channel Islands to import low-value goods into the UK VAT free. Whilst a part Britain, the Channel Islands is not part of the EU and therefore not subject to VAT. Jersey implemented a Goods and …