THE fallout from the loss of Low Value Consignment Relief and the crack down on Qrops (qualifying recognised overseas pension schemes) is taking many forms.

MORE fulfilment companies will leave Guernsey as a result of the Policy Council’s decision not to fight on over low value consignment relief, it is feared.

THE Policy Council has ruled out appealing against the High Court decision that gave the green light for the Channel Islands to be excluded from low value consignment relief.

A GUERNSEY-based fulfilment company expects online success to continue this year despite the withdrawal of low value consignment relief.

HMV is closing its Guernsey fulfilment warehouse, with the loss of up to 46 jobs.

LAST week’s LVCR decision has  far-reaching implications.

AT TIMES I’ve been accused of being slightly negative when it comes to the prospect of co-operation between the States of Guernsey and Jersey.

OVER the next few weeks, Guernsey and Jersey will witness how much of a body blow ending low value consignment relief proves to be to their respective economies and employment prospects.

THE States must wait to hear what costs it will be liable for following the London High Court’s finding that the UK could legally exclude the Channel Islands from low value consignment relief.

COMPANIES with some 600  staff in the fulfilment industry will decide whether to leave Guernsey within a couple of weeks, but the outlook is not overly optimistic, the Bulk Mailers’ Association said yesterday.