Not before time.

[JohnD]

"Ashley Armstrong and George Parker

Published3 HOURS AGO

The Treasury is expected to close a tax loophole that retailers have argued gives online giants such as Shein an unfair advantage over high street chains, as chancellor Rachel Reeves looks to shore up the public finances.

Currently overseas retailers are allowed to send small packages worth less than £135 to the UK without being charged import duties, a loophole that industry experts claim costs the exchequer up to £600mn a year.

One government official said closing the loophole was “nailed on” for Reeves’ Budget on November 26, while another said: “You can expect to see some movement on this.”


FT.com

 

[motorbiking]

It’s easy to impose. Harder to enforce.

 

[fillyboy]

If in doubt, adopt some of Donald's policies.

 

[Odds]

If we want decent public services, we are going to have to pay for them. And let’s not pretend, as some do, that it can all be paid for solely by taxing the rich. To be sure, there are steps that could be taken to tap the prosperous – a couple more bands on council tax, for example – but the top 10% of earners already account for 60% of income tax revenue. Extra funding on the scale necessary can only come from an increase in the basic rate of income tax...opines Chris Mullins in the Guardian.

They can't blame migrants for all our problems as 'reform' like to do and they should hammer home the message of increasing tax revenue by making the top earners squeak, as the Greens are starting to.

 

[Notch7]

If in doubt, adopt some of Donald's policies.

No

 

[carmanmemoranda]

Tax fraud ?
Rape?
Insurrection?
Russian allegiance ?

Which bit do you think we need ?

 

[Jurassicspark]

Hmm won't closing this loophole stifle competition and innovation by making it harder for smaller international sellers to enter the UK market, potentially reinforcing monopolies rather than encouraging a healthy retail environment?

 

[motorbiking]

If in doubt, adopt some of Donald's policies.

import tariff. by another door.

 

[noseall]

If in doubt, adopt some of Donald's policies.

You are funny.

 

[fillyboy]

import tariff. by another door.

Exactly that, the threshold in the US was 800 dorrars, the likes of Shein & Temu tripled the exports to America in just a few years to around 1.5 billion dorrars, a fair chunk of that was likely Fentanyl.

 

[morqthana]

Currently overseas retailers are allowed to send small packages worth less than £135 to the UK without being charged import duties, a loophole that industry experts claim costs the exchequer up to £600mn a year.

It's not the person abroad sending the package who is the importer.

It's the person in this country buying it.