Play.com has confirmed it is phasing out the direct retail
part of its business to focus on its marketplace offering. The entertainment
products specialist blamed the abolition of Low Value Consignment Relief (LVCR)
implemented in April 2012, which allowed goods worth less than £15 coming from
the Channel Islands to ship VAT-free, as the determining factor in the
decision. The move will see the loss of 147 jobs from the finance and warehouse
teams in Jersey by March 2013. In addition, some 51 permanent and 16 temporary
staff will be made redundant across the Cambridge and Bristol offices.
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