This is Money reports that The Chancellor is expected to completely close the Low Value Consignment Relief scheme, which allows retailers with a Channel Islands base to avoid paying VAT on goods with a value of £15 or less,

Critics of the scheme have said that it has led to thousands of mainland retailers going under thanks to a competitive disadvantage.

Richard Allen of Retailers Against VAT Avoidance Schemes (RAVAS), which has spearheaded the drive to close the tax loophole ...