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28 Mar 2007
Tesco has attempted to retain a tax break by moving its CD and DVD operations from Jersey to Zurich.
Pressure from the UK has led to the crackdown on a VAT loophole that allowed retailers to distribute tax free CDs and DVDs from Jersey, reported the FT.
Goods worth less £18 can be imported into the EU without incurring a VAT charge.
Further reading:
Profile: Andrew Higginson, Tesco group finance and strategy director
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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