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|Chancellor to Clamp Down on Channel Islands VAT Loophole|
| 3:09 pm on Mar 23, 2011 (gmt 0)|
Today's budget speech by the Chancellor said that they were going to clamp down on the VAT loophole that allowed Internet based companies to trade out of warehouses in the Channel Islands without VAT.
He specifically referenced music retailers in his speech
No link yet as I just heard it on the radio.
| 3:24 pm on Mar 23, 2011 (gmt 0)|
Yeah, I can think of one big one over there, and a few others not far behind. I'm pretty sure I heard something similar, but not specifically CI.
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