UK tax campaigners and retailers are urging the government to close a VAT and import tax loophole to prevent a surge of cheap goods from Shein and Temu. Following the EU's move to phase out customs duty exemptions for low-value parcels, the UK is expected to face an influx of these products. Industry leaders call for equal taxation to ensure fair competition for local retailers and to contribute to the UK economy. Failure to act is seen as economically detrimental, allowing foreign entities to profit without local contributions.
It seems crazy to miss out on a huge income opportunity by charging duty on millions of products that contribute nothing for the UK economy.
The government needs to tighten the gaping UK VAT and import tax loopholes as soon as possible to protect consumers and keep the high street alive.
Collection
[
|
...
]