{"id":16665,"date":"2012-08-01T17:39:19","date_gmt":"2012-08-01T16:39:19","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=16665"},"modified":"2012-08-01T17:39:49","modified_gmt":"2012-08-01T16:39:49","slug":"guernseys-freight-down-by-39-after-vat-abuse-ended-by-the-uk","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/08\/01\/guernseys-freight-down-by-39-after-vat-abuse-ended-by-the-uk\/","title":{"rendered":"Guernsey&#8217;s freight down by 39% after VAT abuse ended by the UK"},"content":{"rendered":"<p><a href=\"http:\/\/www.bbc.co.uk\/news\/world-europe-guernsey-19077704\" target=\"_blank\">BBC Guernsey's reported<\/a>:<\/p>\n<blockquote>\n<p id=\"story_continues_1\">The amount of freight leaving Guernsey has slumped by more than a third since the end of UK tax relief, according to one distributor.<\/p>\n<p>Low Value Consignment Relief (LVCR) allowed VAT to be waived on goods under \u00a315 being imported into the UK.<\/p>\n<p>Martyn Langlois, general manager of Ferryspeed, said since the rule was scrapped on 1 April, the volume they exported had gone down by 39%.<\/p>\n<p>He said: \"It was inevitable, but we're surprised at how quickly it happened.\"<\/p><\/blockquote>\n<p>Surprised? I'd have thought it was inevitable the day after the abuse was stopped.<\/p>\n<p>But what we do learn from this is just how important tax abuse is to Guernsey, as if proof were needed.<\/p>\n<p><em>Hat tip: Richard Allen<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC Guernsey&#8217;s reported: The amount of freight leaving Guernsey has slumped by more than a third since the end of UK tax relief, according to<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/08\/01\/guernseys-freight-down-by-39-after-vat-abuse-ended-by-the-uk\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16665","post","type-post","status-publish","format-standard","hentry","category-guernsey"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/16665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=16665"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/16665\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=16665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=16665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=16665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}