Rachel Reeves looks at ending zero tax regime for low-value imports
Chancellor reviewing rule that lets foreign retailers such as Amazon and Shein pay no duty on items costing under £135Rachel Reeves is to review the tax regime for imports of low-value goods in an effort to prevent Chinese companies undercutting British retailers by dumping cheap items on online marketplaces.The chancellor is considering changes to rules which allow goods valued at £135 or less – often listed on sites such as Amazon, Shein and Temu – to be imported to the UK without any customs duty having to be paid. Continue reading...
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Chancellor reviewing rule that lets foreign retailers such as Amazon and Shein pay no duty on items costing under £135
Rachel Reeves is to review the tax regime for imports of low-value goods in an effort to prevent Chinese companies undercutting British retailers by dumping cheap items on online marketplaces.
The chancellor is considering changes to rules which allow goods valued at £135 or less – often listed on sites such as Amazon, Shein and Temu – to be imported to the UK without any customs duty having to be paid. Continue reading...
