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Old 23rd Mar 2011, 14:57
  #57 (permalink)  
draken55
 
Join Date: Oct 2010
Location: Kilmarnock,United Kingdom
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The Canaries like the Channel Islands are "Special Territories" within the EU and so import VAT is payable. Said chav's only had to go to Calais!

Way back in 1979 you could not leave the UK with more than £50 in cash. Now it seems you can fire off money all over the place. That's a big help for migrant workers especially within the EU but a worry for HMR&C and Security having to watch out for tax evasion and terrorist funding!

Within the EU many tax rates have now been "harmonised" although differences remain. For example, Denmark levies VAT at 25% and in Ireland Corporation Tax is at 10%.

End of off thread Taxation and Finance drift
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