Jersey and Guernsey lose VAT case against UK Treasury
16-03-2012, 03:23
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#1
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Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Phil Balderson said he would have to move parts of his supplement business away from the island
Legal challenges against the scrapping of a tax loophole that allowed the Channel Islands to sell DVDs and CDs VAT-free have failed.
Jersey and Guernsey lost their cases after three days in the High Court to try to stop the UK Treasury ending Low Value Consignment Relief (LVCR).
Mr Justice Mitting ordered the islands to pay half the UK government's legal costs.
Both island governments said they were considering an appeal.
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http://www.bbc.co.uk/news/world-europe-jersey-17375046
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16-03-2012, 13:46
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#2
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Re: Jersey and Guernsey lose VAT case against UK Treasury
I hoping that ruling will help us cut out debts, now can deal with the hundreds of billions stolen from the government in tax evasion and avoidance?
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16-03-2012, 14:35
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#3
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Re: Jersey and Guernsey lose VAT case against UK Treasury
So what does this ruling mean am I right to assume those companies like play, tesco, hmv, asda who used the loophole to sell games, dvd, cd from the channel isles will now have to cough up backdated vat.
Does this mean the bill passed onto the customers who bought such goods from these.
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16-03-2012, 14:36
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#4
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by mertle
So what does this ruling mean am I right to assume those companies like play, tesco, hmv, asda who used the loophole to sell games, dvd, cd from the channel isles will now have to cough up backdated vat.
Does this mean the bill passed onto the customers who bought such goods from these.
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The prices themselfs will also increase by 20% now that they include VAT
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16-03-2012, 14:57
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#5
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by Alan Fry
The prices themselfs will also increase by 20% now that they include VAT
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would that be tesco's if you see it clearly seems to have VAT omitted wonder how they got away with it.
I would assume they paying it but you never know.
So can all those who used the service be getting whopping tax bill as the companies reclaim it.
Now lets have show hands who used these companies online if so
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16-03-2012, 14:58
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#6
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by mertle
would that be tesco's if you see it clearly seems to have VAT omitted wonder how they got away with it.
I would assume they paying it but you never know.
So can all those who used the service be getting whopping tax bill as the companies reclaim it.
Now lets have show hands who used these companies online if so
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Does anyone know if Amazon did this, if not do your DVD shopping there
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16-03-2012, 15:16
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#7
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by Alan Fry
Does anyone know if Amazon did this, if not do your DVD shopping there
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amazon been named on this article as doing the same Alan
http://www.ft.com/cms/s/0/c42fef0c-6...44feab49a.html
Quote:
Internet retailer Amazon and major supermarkets including Asda Tesco use third-party consignment companies such as Indigo Starfish and The Hut to fulfil web orders for cut-price DVDs and CDs from the Channel Islands.
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The islanders fear comapnies shift operations to Switzerland
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16-03-2012, 15:26
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#8
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by mertle
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Sadly, nothing will change then
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16-03-2012, 15:38
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#9
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by Alan Fry
Sadly, nothing will change then
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nope companies today got no sense of patriotism will circumvent to any lengths to make its profits.
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16-03-2012, 15:44
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#10
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by mertle
nope companies today got no sense of patriotism will circumvent to any lengths to make its profits.
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These days the world is globalised, for better or worse, maybe North Korea could become a tax haven
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16-03-2012, 15:46
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#11
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by Alan Fry
maybe North Korea could become a tax haven
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No not another daft idea by you.
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16-03-2012, 15:50
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#12
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by denphone
No not another daft idea by you.
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That was a joke, unless agents of the State Security Department of North Korea were looking at this thread
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16-03-2012, 21:31
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#13
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laeva recumbens anguis
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by mertle
nope companies today got no sense of patriotism will circumvent to any lengths to make its profits.
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Strange - I could have sworn the consumer benefited from the not paying of the VAT as well?
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17-03-2012, 00:08
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#14
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Re: Jersey and Guernsey lose VAT case against UK Treasury
Quote:
Originally Posted by Hugh
Strange - I could have sworn the consumer benefited from the not paying of the VAT as well?
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I cant deny it I am just guilty thats why would like consesus cableforum users who used them.
Now personally I only used them infrequent when struggled to find it in shops films want namely The Killer John Woo & Hard Boiled asian films with chow yun fat. Timeless classics which for some reason was at one point very hard to get hold off. I love chinese/hk films plus martial arts films it was at one time extremely niche. You either went without used online.
As local places got it less used the online even detriment to saving money. I just hate online shopping it too risky I already in the passed got done so got me clamming up to use it anymore even though bank re-emburst it. Martial arts films much dearer due to importing so not uncommon to see them still £16.00 for even dvd at £22.00 BD. They are coming down.
Still I have used the online therefore guilty.
I do think if these companies threaten to take there custom due to pettyness somewhere else then its disgraceful.
Are they hoping threats mean the government wont make them do it.
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17-03-2012, 08:38
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#15
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laeva recumbens anguis
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Re: Jersey and Guernsey lose VAT case against UK Treasury
No, they are probably doing it to
A) keep the price down
B) keep the margin up
If the VAT is included, they have to pay it to HMRC - they don't keep any of it.....
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