Posted inBusiness, News

EU to close LVCR loophole completely

Low value consignment relief (LVCR) could be abolished from the EU next year The VAT loophole was closed to Channel Islands firms three years ago Its closure resulted in hundreds of Island jobs What was LVCR? Find out more below A EUROPEAN Union VAT loophole that was closed to Channel Islands firms three years ago, […]

Posted inNews

New property taxes ‘won’t provide any extra income’

Chartered surveyor warns of possible risk to Island property market Ben Ludlum said the introduction of any new taxes would be a risk to the property market and the States’ income Deputy Simon Brée said he was concerned that Islanders could soon have to pay capital gains tax on property or face increased parish rates […]

Posted inNews

Over 300 States workers apply for redundancy

More than 300 States employees have offered themselves for voluntary redundancy or voluntary severance All 7,000 public-sector workers were sent letters last month asking for volunteers for redundancy, early retirement or severance The cuts are part of a wider public-sector reform that is intended to steer the Island’s finances away from a £125 million structural […]

Gift this article