Play.com exits Jersey because of LVCR removal

Salman Shaheen

January 10 2013

Online retailer Play.com has shut down its once profitable Jersey business, which thrived because of the low value consignment relief (LVCR) VAT loophole. The move is a blow to the Channel Islands’ economy, but has been welcomed by UK businesses undercut by their offshore rivals.

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Salman Shaheen

Salman Shaheen worked at ITR between 2010 and 2017

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