In November, the low-value consignment relief (LVCR) threshold in the UK will be cut from £18 to £15. This means Channel Island companies exporting to the UK will have to pay VAT on goods over the value of £15. While this will certainly hit the Channel Island e-commerce industry, the majority of goods, typically DVDs, CDs, printer cartridges and memory cards are priced below £15 and will be unaffected.
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What does Google Street View mean for Jersey Businesses?
The introduction of Google Street View to Jersey has brought with it both excitement and a wave of protests over privacy. Most of us have just used it for a quick exploration of our neighborhood, or in an attempt to find ourselves meandering the streets of St Helier on the way to work. However, for small business owners, Google Street View provides many new marketing opportunities. As I’ve explained in my previous post, Google Places: Free and Easy small business promotion, there is no reason to avoid getting a Google Places listing. The introduction of Street View to the Channel Islands has only exacerbated this.
Low Value Consignment Relief (LVCR): “Show me the Money!”
Something tells me that Jersey and Guernsey just aren’t making the most of Low Value Consignment Relief (LVCR). Yeah, sure there are a few select individuals that have set themselves up for a very comfortable retirement – Play.com, Moonpig and MyMemory being ones that spring to mind. But, with the barriers to entry for creating an e-commerce store so low, there must be a number of niche areas yet to be explored.