PC Pals Forum
Technical Help & Discussion => AV Lounge => Topic started by: Simon on February 18, 2013, 13:07
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Channel Islands-based retailer Play.com has announced the closure of its direct retail business, after the closure of a tax loophole.
A statement from the company described the closure as a "company restructure", and blamed the move on the government’s closure of a VAT loophole that allowed retailers to sell goods worth under £15 VAT-free from the Channel Islands.
"The removal of LVCR [Low Value Consignment Relief] implemented in April 2012 has been a determining factor in this decision," the company added.
The site will continue to sell products as a "marketplace", facilitating the sale of goods to and from private individuals.
The closure comes at the cost of 147 jobs in Jersey and a further 67 in the UK mainland.
Read more: http://www.pcpro.co.uk/news/379186/play-com-stops-selling-direct-to-public#ixzz2LFtoefcK
A real shame. They were the first company I ever ordered anything online from, and that was from an Internet cafe before I had my own computer. It was the Highlander DVD. I've spent thousands with them since.
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I've bought stuff off them too, but not for a long time.
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Oh no. Sad news.
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Even sadder, it probably means Amazon will increase their prices. :(
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Indeed.