Retailers urge UK to end low-value import duty exemption before 2029 – report [Yahoo! Finance]
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Source: Yahoo! Finance
According to a Bloomberg report, the parties are arguing that the policy gives an advantage to overseas online sellers, including Shein and Temu. The measure in question is the “de minimis” exemption, which allows goods worth £135 ($179.4) or less to enter the UK without customs duty. Retailers that include Currys, Primark owner Associated British Foods (AB Foods), and the British Retail Consortium (BRC) have called for the exemption to be scrapped sooner, and for the UK to consider an approach closer to the European Union's planned fixed charge on smaller parcels. Their push comes as the EU prepares to introduce a €3 ($3.50) customs duty on parcels valued below €150 from July. The EU has described the levy as “a temporary solution to an urgent problem”, with a longer-term arrangement expected by 2028. In the US, President Donald Trump ended de minimis rules last year. Retailers say the current UK system creates an uneven market. BRC director of food and sustainability An
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