F
finchy
In light of the rush decision to cut the FIT in 6 weeks .....the govenerment has given retailers 6 months to stop abusing a tax loop hole.
"The loophole has been used increasingly in recent years by companies selling CDs and DVDs online, such as Play.com, Tesco and Amazon.
The government said the loophole was now costing ÂŁ140m a year."
"Low Value Consignment Relief (LVCR) will not apply to goods sent from the Channel Islands to the UK from 1 April"
"Channel Island legislators are worried about the amount of notice they have been given of the closing of the loophole" "
Jersey's Economic Development Minister, Senator Alan Maclean, said more than 1,700 people were employed in the fulfilment industry across the Channel Islands."
I guess if they bring it forward to before xmas the retailers might find xmas hard going !!!
So do something illegal, 'tax dodging' and the government slap your wrests and give you 6 months to change, but a very well regulated business sector, they will change the whole industry in 6 weeks !!
Fail play...really lossing faith in Politics, Big society ? Greed Greed and Greed !!
Reference from the BBC - 9 November 2011
"The loophole has been used increasingly in recent years by companies selling CDs and DVDs online, such as Play.com, Tesco and Amazon.
The government said the loophole was now costing ÂŁ140m a year."
"Low Value Consignment Relief (LVCR) will not apply to goods sent from the Channel Islands to the UK from 1 April"
"Channel Island legislators are worried about the amount of notice they have been given of the closing of the loophole" "
Jersey's Economic Development Minister, Senator Alan Maclean, said more than 1,700 people were employed in the fulfilment industry across the Channel Islands."
I guess if they bring it forward to before xmas the retailers might find xmas hard going !!!
So do something illegal, 'tax dodging' and the government slap your wrests and give you 6 months to change, but a very well regulated business sector, they will change the whole industry in 6 weeks !!
Fail play...really lossing faith in Politics, Big society ? Greed Greed and Greed !!
Reference from the BBC - 9 November 2011
