Wednesday, 23 March 2011

Budget 2011 - No more tax free imports of memory cards? VAT free from Channel Islands

One item not mentioned on the news but was in George Osbourne's speech that I heard on the radio earlier was the clampdown on tax avoidance and removing the ability of companies to use Jersey for sending tax free goods into the UK.

Does this mean that 7dayshop and the like will no longer be able to send memory cards, batteries and small items of photography equipment without paying VAT? Will and Tesco no longer be able to ship CDs from the Channel Islands with no VAT?