Feeds

Freeserve mulls another Madeira VAT move

Broadband biz a go-go

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Freeserve is considering relocating its broadband operation to Madeira to take advantage of the island's lower VAT rate.

The FT cites Freeserve boss, Eric Abensur, as confirming that the matter is currently being discussed. He told the pink paper that a decision whether to move the ISP's broadband business to Madeira would be made "later this year".

This isn't the first time Freeserve has upped-sticks in a bid to reduce its tax bill.

Last July Freeserve confirmed that it was moving its business for its Anytime unmetered ISP service to Madeira to take advantage of the island's 13 per cent VAT rate, as opposed to 17.5 per cent in the UK.

Freeserve's motivation behind this latest move appears simple enough. Having lost €92m last year it seems it will examine any avenue to reduce its losses. Furthermore, the issue of VAT is always a good excuse for the ISP to bash its rival AOL, which, under current rules, is exempt from paying VAT in the UK.

Last September Freeserve was given the green light to challenge HM Customs and Excise's decision not to charge VAT on AOL's Internet service in the UK.

However, the judicial review - due to begin shortly - has now been delayed until October because a key witness is on maternity leave. ®

Related Stories

Freeserve gets nod for AOL legal action
Freeserve Anytime moves to Madeira

Security for virtualized datacentres

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.