VAT loophole may close

This is something that was alluded to earlier this year http://www.opticianonline.net/Articles/2011/03/11/27310/Chancellor+expected+to+close+VAT+loophole.html?key=VAT%20AND%20LOOPHOLE, but now according to The Telegraph, the Channel Islands' VAT loophole that enables consumers to buy cheap contact lenses will be closed. http://uk.finance.yahoo.com/news/Channel-Islands-VAT-loophole-tele-178509852.html?x=0 The threshold was lowered from