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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Topics

Salman Shaheen

Salman Shaheen worked at ITR between 2010 and 2017

more across site & bottom lb ros

More from across our site

EU Commission expert gives optimistic outlook for TP Directive

Mauro Faggion appeared cautiously optimistic as the European Commission waits to see whether all 27 member states will accept its proposal.

Sam Sholli, September 27, 2023

‘Only tax advisers’ will benefit from pillar two

The global minimum rate also won’t entirely stop a race to the bottom, according to a tax director speaking at an ITR conference in London.

Sam Sholli, September 27, 2023

Tax director: Germany ‘more aggressive’ on inter-company finance and transactions

The country’s tax authorities are not interested in seeing transfer pricing studies any more, it was claimed at an ITR industry conference in London.

Sam Sholli, September 26, 2023

Italy offers lenders opt-out on windfall tax

The controversial measure is being watered down after criticism from the European Central Bank.

Sam Sholli, September 25, 2023

HMRC boosts requests to foreign tax authorities about UK residents

More than 600 such requests were made in 2022, while HMRC has also bolstered its fraud service, it has been revealed.

Sam Sholli, September 25, 2023

This week in tax: EU court strikes out Belgian tax scheme on state aid grounds

The General Court reverses its position taken four years ago, while the UN discusses tax policy in New York.

Ralph Cunningham, September 22, 2023

Viersen, Germany - January 9. 2022: Closeup of mobile phone with

Amount B remains prominent sticking point in BEPS talks

Discussion on amount B under the first part of the OECD's two-pronged approach to international tax reform is far from over, if the latest consultation is anything go by.

Ralph Cunningham, September 21, 2023

Innovation and flexibility key to pillar two data readiness

Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.

Russell Gammon, September 20, 2023