Small businesses call on EU to end Channel Islands tax loophole
Daily Telegraph, March 18, 2011
By Sean O'Hare
LONDON – In a strongly-worded letter to the European Commission, the Federation of Small Businesses (FSB) has called upon the EU to ensure that the UK Government brings an end to the abuse of Low Value Consignment Relief (LVCR).
In the letter, written on behalf of the Federation's 200,000 members, the FSB’s national policy chairman Mike Cherry describes the UK’s failure to protect VAT on internet retail as having “grave consequences for fair competition on the internet within the EU market” and calls on the commission to take firm action to ensure that the UK “ceases immediately from allowing such a flagrant tax avoidance scheme to continue.”
Read more...
Daily Telegraph, March 18, 2011
By Sean O'Hare
LONDON – In a strongly-worded letter to the European Commission, the Federation of Small Businesses (FSB) has called upon the EU to ensure that the UK Government brings an end to the abuse of Low Value Consignment Relief (LVCR).
In the letter, written on behalf of the Federation's 200,000 members, the FSB’s national policy chairman Mike Cherry describes the UK’s failure to protect VAT on internet retail as having “grave consequences for fair competition on the internet within the EU market” and calls on the commission to take firm action to ensure that the UK “ceases immediately from allowing such a flagrant tax avoidance scheme to continue.”
Read more...
No comments:
Post a Comment