Local Exchange Networks - any experiences?

[Hazel at the Hill]

It's a tax thing, Nog - comes into its own if you are a company - a bit of a wheeze to scupper Mr Darling.

Let's say my company provides some advertising to a promotions company who run an event, and in return I get tickets to the event.

So, I get a 'company do' for free, and the PR company gets a heap of advertising. No invoices. No VAT. No tax implications. As long as the 'value' of your bartered goods is compatible, it works well as a 'swap'.

It's a bit complicated if you are swapping - say - 3 hours of £10 per hour baby sitting for 5 hours of £6 per hour of ironing for example. Not only would you have to find someone who required babysitting services, but you would have to have skill with the iron. Hence the 'tokens' to buy and sell skills.

Unless you have a person speciallising in headache resolution in your 'barter group' you may be better off sticking to the £1 tokens!

[Two_Sheds]

There is also CROYS where one CROY is equla to one pound and you can bank them....blah blah....why go to the trouble. If I want a babysitter I pay the girl over the road ....

... not everyone has money to spare, NOG.
Or enough friends to help out with decorating, weeding or whatever.
http://www.letslinkuk.org/

[rustylady]

LETS schemes can work well, but do rely on a large bank of people with different skills etc. Also, I would think an administrator with the patience of Job and the wisdom of Solomon to moderate.