VAT in the Channel changes - just

BusinessMan reported on the 17th March that the loophole that allows businesses in the Channel Islands to sell items valued under £18 VAT free, and therefore cheaper than businesses on the mainland can achieve, may well end soon. Well the Chancellor did listen to the comments put to him ov

BusinessMan reported on the 17th March that the loophole that allows businesses in the Channel Islands to sell items valued under £18 VAT free, and therefore cheaper than businesses on the mainland can achieve, may well end soon.

Well the Chancellor did listen to the comments put to him over the subject and he has, instead of abolishing the loophole, decided to lower the threshold to £15 from November.

What does this mean? Not very much if you're a business trying to compete with another located in the Channel Islands.
This was last published in March 2011

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