Channel Islands make bid to block tax loophole closure
Monday, Mar 12th 2012 at 9:57AMLow Value Consignment Relief allows goods under the value of £15 - recently reduced from £18 - to be sold into the UK from the Channel Islands without paying VAT.
Retailers including some of the largest shopping sites in the world such as Amazon, Play.com, Tesco and HMV are among those that have arrangements involving the Channel Islands.
The Guardian reports that, while the scale of VAT-avoiding websites on Jersey and Guernsey have been played down for months, the islands ...
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