Monday, 9 January 2012

EU killed Channel Islands VAT wheeze

There was me thinking that George Osborne had done the decent thing and moved to end the off-shore VAT dodge off his own bat. Thanks to Private Eye, I now know that it was a strongly-worded letter from the European Commission which forced the Chancelllor to end the misuse of Low Value Consignment Relief. The story is here:
http://www.vatloophole.co.uk/eu-commission-position-clear-lvcr-abuse/811/

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