Posted inLEAD STORY, NEWS, OPINION
CORDER’S COLUMN: Axing VAT rebates and the Margin Scheme are slowly strangling UK’s ultra luxury watch market
Britain’s exit from the European Union was used as a trigger for two key changes to the way VAT is charged in this country. In both cases, the government thought it could increase its tax take without any unintended consequences. First up, the UK abandoned the EU’s Margin Scheme, which allows any pre-owned watch dealer […]
