- Government announced a review of customs treatment for Low Value Imports
- Current rules allow goods valued at £135 or less to be imported without customs duty
- UK retailers claim this gives an advantage to overseas competitors
- Officials will engage stakeholders starting next month
- Review aims to consider impact on UK consumers and minimize administrative costs
- Other measures to support free trade are also detailed in the press release
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
