16 March 2012 - 7:52am | posted by | 0 comments

Online retailers including Amazon and Play.com see Channel Islands VAT loophole closed

Online retailers including Amazon and Play.com see Channel Islands VAT loophole closedOnline retailers including Amazon and Play.com see Channel Islands VAT

Online retailers such as Amazon, Play.com and HMV will be forced to stop selling VAT-free DVDs, CDs and other merchandise with a legal loophole set to be closed.

The retailers have been buying the goods from the Channel Islands, which is exempt from VAT, and where all goods bought for under £15 and then imported into the UK, are exempt from also VAT.

The VAT-free loophole will be closed after a legal challenge by the Channel Islands was dismissed yesterday, the Guardian reported.

The Guardian newspaper, alongside several retailers including Fopp and Holland & Barret have campaigned to the Treasury for years as the companies were struggling to compete with VAT-free prices.

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

THE CO-OPERATIVE BANK BRAND ADVERTISING CAMPAIGN

30/10/2014
Creating a brand campaign for a high street bank is always...

Rock of Ages on Tour

30/10/2014
CONTRACT START/END DATE September/October 2014 DESCRIPTION...

Reed Learning Personalisation with Sitecore

30/10/2014
Reed Learning, a leading provider of training courses and ...

First-time cruisers? It soon becomes a long-term love-in…

29/10/2014
Since July 2013, Cruise Nation and Rooster PR have been on...

Brand Campaign for 123RF

28/10/2014
The Challenge Help 123RF stand out against big-name image...