Government closes Channel Islands VAT loophole

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The government is closing the loophole that has allowed retailers to avoid paying tax on low value goods dispatched from the Channel Islands to the UK.

From 1 April, exported goods from the Channel Islands to the UK under the value of £15 will no longer qualify for the Low Value Consignment Relief (LVCR) in a bid to "take action to end exploitation of the rules", stated the Treasury.

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