The fulfilment industry and its impact on the local economy - HoC Hansard re LVCR - Submission - 25
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HANSARD COMMONS
Low Value Consignment Relief (Jersey)
Mr. Hollobone: To ask the Chancellor of the Exchequer what representations he has received calling for the reduction or ending of Low Value Consignment Relief on goods sent by mail order from Jersey; what his estimate is of the consequent loss of revenue to his Department; and if he will make a statement. [20889]
Dawn Primarolo: The Government have received a number of representations from stakeholders on this issue and is keeping it under review. We would need to ensure that any decision to change the relief reflected a full consideration of the potential impact on UK businesses, consumers and taxpayers.
The Government estimates that, per annum, around £80 million in potential VAT receipts is lost through this relief, with about £40 million of this attributable to imports from Jersey.
25 Oct 2005 : Column 311W
Philip Hollobone MP (Con) Member of Parliament for Kettering