{"id":9020,"date":"2011-03-01T23:17:18","date_gmt":"2011-03-01T21:17:18","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9020"},"modified":"2011-03-01T23:17:19","modified_gmt":"2011-03-01T21:17:19","slug":"channel-islands-vat-abused-to-be-ended","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/03\/01\/channel-islands-vat-abused-to-be-ended\/","title":{"rendered":"Channel Island’s VAT abused to be ended?"},"content":{"rendered":"

From the BBC today:<\/a><\/p>\n

\n

A debate in the House of Lords gained cross-party support to close a VAT loophole which costs the UK government \u00a3130m each year in lost tax.<\/p>\n

The peer behind the motion, Lord Ralph Lucas, branded the industry a \"smuggling enterprise\".<\/p>\n

The Commercial Secretary to the Treasury, Lord Sassoon, said changes to the loophole would be announced in the budget later this month.<\/p>\n

More than 1,000 people work in the industry in the Channel Islands.<\/p>\n<\/blockquote>\n

Many more obs have been lost i the UK High Street.<\/p>\n

And as the Guardian reports:<\/a><\/p>\n

\n

Treasury minister Lord Sassoon told the Lords: \"We are committed to tackling tax avoidance<\/a> and, in that context, we hope to be in a position to announce possible changes to the operation of LVCR [low-value consignment relief] in the budget\".<\/p>\n<\/blockquote>\n

It looks like Richard Allen's tireless campaign to end this abuse might be achieving its goal.<\/p>\n

I sincerely hope so.<\/p>\n

It will be another nail in the coffee of the Jersey and Guernsey tax havens.<\/p>\n","protected":false},"excerpt":{"rendered":"

From the BBC today: A debate in the House of Lords gained cross-party support to close a VAT loophole which costs the UK government \u00a3130m
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7,34],"tags":[],"class_list":["post-9020","post","type-post","status-publish","format-standard","hentry","category-guernsey","category-jersey","category-vat"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9020","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=9020"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9020\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}