Play.com to shut retail business
E-tailer Play.com will become a marketplace-only business from March 2013 after changes in VAT-free rules led it to shut down its direct retail service.
In March 2012, the High Court in London ruled to close the Low Value Consignment Relief (LVCR) tax loophole that originally allowed goods under the value of £15 to be sold into the UK from the Channel Islands without paying VAT.
Play.com, based in Jersey, has now made 147 redundancies at its HQ and a further ...
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