Government has just published its latest tax update, announcing it will bring forward reforms to low value imports by six months to October 2028. It also announced its plans to consult on online marketplace liability. Helen Dickinson, Chief Executive of the BRC, said:
On low value imports:
“While the Government has rightly recognised that a three year timeline for implementing low-value import reforms is too long, bringing it forward by just six months does not go far enough. UK retailers cannot afford to compete on an unfair playing field against importers not paying tariffs. While we recognise the practical challenges involved, we are keen to work with Government to explore solutions that could enable the changes to be introduced sooner.”
On deemed reseller VAT:
"We support action to ensure all businesses selling in the UK compete fairly. There is clear evidence that some unscrupulous overseas sellers are exploiting loopholes to avoid paying the VAT they owe, undercutting responsible businesses who play by the rules.
“As Government consults on how to tackle this, any reforms must drive compliance, protect consumers and avoid adding unnecessary burdens for legitimate sellers and marketplaces.”
On using revenue raised for business rates:
“Retail and hospitality continue to shoulder a disproportionate share of business rates. Measures to reduce this burden will support investment, protect jobs on the high street and be strongly welcomed by the industry.”
