Jersey is not a tax-free jurisdiction. Taxes are levied on properties (known as 'rates') and a Personal Income Tax, Corporate Income Tax and goods and services tax exist. Before 2008, Jersey had no value-added tax (VAT). Many companies, such as Amazon and Play.com, took advantage of this and a loophole in European law, known as low-value consignment relief, to establish a tax-free fulfilment industry from Jersey. This loophole was closed by the European Union in 2012, resulting in the loss of hundreds of jobs.
