The Jersey based firm of play.com is to be moved move on the ending of Low Value Consignment Relief, which allowed items less than £15 to be sold to the UK VAT-free. 147 of the staff will be made redudant in Jersey and 67 of Bristols and Cambridge will also be made redundant. Play.com will now become more like a shopping centre, no longer selling directly to customers.The Low Value Consignment Relief (LVCR) loophole was closed by the UK government in April 2012. A spokesperson confirmed the changes meant they were completely pulling out of Jersey, but about 200 staff would be left in the restructured company, which will be based in Cambridge.
BBC- http://www.bbc.co.uk/news/world-europe-jersey-20953357
Daily Mail- http://www.dailymail.co.uk/money/bills/article-2259559/Play-com-shut-retail-business.html
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