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Category Archives: VAT

What does Jersey know about the Isle of Man

12-Apr-07

The report I wrote on the UK’s enormous subsidy to the Isle of Man did, unsurprisingly, attract attention in Jersey. At least two politicians asked questions in the States on the subject, so yesterday the chief minister, Senator Frank Walker had to answer them. Which he did, in his own style. According to the Jersey [...]

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Tesco to Switzerland means its time for the UK to act

29-Mar-07

Accountancy Age has reported what has been known for some time, that Tesco is moving its Jersey CD and DVD operation to Switzerland.
The UK put significant pressure on Jersey to push this unethical trade out of its territory (with only partial success as Jersey is allowing Play.com to stay). It’s now doing the same to [...]

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How come this is possible but action on CD abuse is not?

21-Mar-07

There’s an interesting and enigmatic note on page 223 of the budget report. It says with regard to excise duties:

Small consignment reliefA.124 A measure will be introduced with effect from Royal Assent to repeal the UK relief from duty for small, non-commercial consignments of excise goods.

The obvious question has to be asked, if this can [...]

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The Guernsey and jersey CD racket can only be a sham

21-Mar-07

The BBC reported an important development in the CD market yesterday. As they noted:

Online music store CD-Wow has been found in contempt of court for selling illegally imported cheap CDs in the UK.
The High Court in London ruled that the site’s owners, Music Trading Online, were “in substantial breach” of a 2004 agreement to stop [...]

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A legal challenge to VAT abuse - getting closer

14-Feb-07

It’s not my usual policy to reproduce press releases, but on occasion it seems appropriate.
The following was issued by the Forum for Private Business yesterday and makes clear how close a legal challenge to the VAT loophole that is being exploited by retailers making sales of items worth less than $1`8 each in Jersey now [...]

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