The extent to which foreign registered companies are still using Jersey’s tax status to exploit the de-minimis CD fulfilment market
This content has been automatically generated from the original PDF and some formatting may have been lost, therefore it should not be relied upon to extract citations or propose amendments. Please see the PDF for the official version of the document.
1240/5(4593)
WRITTEN QUESTION TO THE MINISTER FOR ECONOMIC DEVELOPMENT BY DEPUTY G.P. SOUTHERN OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY 16th JUNE 2009
Question
Will the Minister inform members of the extent to which foreign registered companies are still using Jersey's tax status to exploit the de-minimis CD fulfilment market?
Answer
There are no foreign registered companies on the UK Import VAT Accounting Scheme – the scheme which enables companies to benefit from Low Value Consignment Relief.
All members of the scheme are required to hold a Licence under the Regulation of Undertakings and Developments Law, the policies of which clearly support the local fulfilment and online retail industries, and are applied to limit the use of Jersey as part of any selling structure based solely on Low Value Consignment Relief.